GRAINS-Chicago soybeans dip on Trump tariff worries, Argentina weather

BEIJING, Jan 9 (Reuters) - Chicago soybean and corn futures slipped on Thursday, pressured by uncertainty over U.S. President-elect Donald Trump's tariff plans, rain forecasts for Argentina easing dryness concerns and a stronger dollar.

Wheat rose, partly supported by South Korea's wheat purchase in international markets.

FUNDAMENTALS

* The most-active soybean contract Sv1 on the Chicago Board of Trade (CBOT) fell 0.25% at $9.92 a bushel by 0125 GMT.

* Chicago corn Cv1 eased 0.05% to $4.53-4/8, while wheat Wv1 rose 0.09% to $5.37 a bushel.

* Trading was cautious amid uncertainty over Trump's tariff plans, with traders awaiting U.S. crop data on Friday for supply and demand insights.

* Argentina rains, expected in mid-January, should bring relief to soybeans and corn in the core farming region, which has been affected by a recent dry spell, according to a climatologist at the Buenos Aires grains exchange.

* For the 2024-25 crop year, StoneX predicted Brazil's soybean production will reach 171.4 million metric tons, a 14.4% increase from the previous season.

* Farmers in Mato Grosso, Brazil's largest soybean-producing state, have begun reaping their crop after planting delays hampered the start of work, farmer group Aprosoja-MT said.

* The U.S. dollar rose for a second straight session on Wednesday as U.S. bond yields continued their advance, following a report that Trump was contemplating using emergency measures to allow for a new tariff programme. FRX

* Exporters sold 120,000 metric tons of U.S. soybeans to unknown buyers for 2024-25 delivery, the U.S. Department of Agriculture said.

* Leading South Korean animal feed maker Nonghyup Feed Inc (NOFI) purchased about 65,000 metric tons of animal feed wheat in an international tender on Wednesday, European traders said.

* Commodity funds net sold CBOT corn, wheat and soybean futures contracts on Wednesday and net bought soyoil and soymeal, traders said. COMFUND/CBT

MARKET NEWS

* A selloff in global bonds continued on Wednesday, pressuring Wall Street stocks and boosting the dollar as signs of continuing strength in the U.S. economy dimmed expectations of aggressive near-term interest rate cuts. MKTS/GLOB

DATA/EVENTS (GMT)

0130 China PPI YY, CPI YY Dec

0700 Germany Industrial Output MM Nov

0700 Germany Industrial Production YY SA Nov

1000 Germany Overall Comprehensive Risk Q1

1000 France Overall Comprehensive Risk Q1

1000 UK Overall Comprehensive Risk Q1

(Reporting by Ella Cao and Mei Mei Chu; Editing by Sumana Nandy)

((Ella.Cao@thomsonreuters.com;))