GRAINS-Wheat, corn rebound after price slump; soy eases

JAKARTA, Sept 5 (Reuters) - Chicago wheat and corn rebounded on Friday as farmer selling eased after the recent price slump, though both the contracts remained on track for weekly losses.

Soybean edged lower amid concerns over a lack of sales to top importer China amid the ongoing trade tensions.

FUNDAMENTALS

* The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 fell 0.12% to $10.31-3/4 a bushel as of 0043 GMT.

* Corn Cv1 was up 0.06% to $4.2 a bushel, while wheat Wv1 rose 0.1% to $5.2 a bushel.

* Rainfall in Ukraine's central, southern and eastern regions in late August created satisfactory conditions for the start of winter sowing after a period of drought, agricultural meteorologists said.

* The recent rains in Argentina's wheat-growing regions significantly improved crop conditions and the overall outlook for the season, the Buenos Aires Grains Exchange said.

* Brazil's soybean exports are expected to rise 30% year-on-year to 6.75 million metric tons in September, per grain exporters' association Anec, while corn exports are estimated to drop 2.9% to 6.37 million.

* The country's soybean and corn exports in August rose 16% and 12.9%, respectively, year-on-year.

* Ahead of the USDA's weekly export sales report later in the day, traders pegged the export sales of U.S. new-crop corn for the week ended August 28 at up to 2.2 million tons and new-crop soybean sales at as high as 1.6 million tons.

* Commodity brokerage StoneX SNEX.O raised its estimate of U.S. 2025 corn production to 16.577 billion bushels from 16.323 billion in its previous monthly report and lowered its forecast of U.S. soybean production to 4.257 billion bushels from 4.425 billion earlier.

* Commodity funds were net buyers of CBOT corn, soybean, soymeal and soyoil futures contracts on Thursday and net sellers of CBOT wheat, traders said. COMFUND/CBT

MARKET NEWS

* Wall Street and world stocks were mostly higher on Thursday and U.S. Treasury yields fell, as a cooling U.S. labor market and dovish comments from Federal Reserve officials pointed to a likely interest rate cut this month by the central bank.MKTS/GLOB

DATA/EVENTS (GMT)

0600 Germany Industrial Orders MM Jul

0600 Germany Manufacturing O/P Cur Price SA Jul

0600 Germany Consumer Goods SA Jul

0600 UK Halifax House Prices MM, YY Aug

0600 UK Retail Sales MM, YY Jul

0600 UK Retail Sales Ex-Fuel MM Jul

0645 France Reserve Assets Total Aug

0900 EU GDP Revised QQ, YY Q2

1230 US Non-Farm Payrolls Aug

1230 US Unemployment Rate Aug

1230 US Average Earnings YY Aug