GRAINS-Soybeans rise as Trump's Greenland threats hit US dollar

BEIJING, Jan 21 (Reuters) - Chicago soybean futures rose on Wednesday, helped by a weaker dollar, although gains were limited by ample supply and global jitters over U.S. President Donald Trump's threats to reignite a trade war with Europe over Greenland.

Wheat and corn futures also gained.

FUNDAMENTALS

The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was up 0.2% at $10.55 a bushel, as of 0140 GMT.

CBOT wheat Wv1 edged 0.1% higher to $5.10-1/2 a bushel and corn Cv1 climbed 0.2% to $4.24-1/2 a bushel.

All three contracts are far below their 2022 peaks due to plentiful global supply.

Trump said on Tuesday there was "no going back" on Greenland, refusing to rule out taking the Arctic island by force and lashing out at NATO allies as European leaders struggled to respond.

Global equities slid along with the dollar. Weaker economic growth would dampen demand for grains and oilseeds, but a softer dollar makes U.S. exports cheaper for buyers with other currencies, which can boost demand. MKTS/GLOB USD/ .DXY

Strong demand for soybeans from U.S. crushers is supporting CBOT prices, but the prospect of a massive Brazilian harvest hitting the market in the coming months is keeping a lid on rallies.

Top soybean importer China fulfilled its commitment last year to buy 12 million metric tons of U.S. soybeans, meaning it can now switch to cheaper Brazilian supply, traders say.

MARKET NEWS

Asian stocks extended their losses for a third session on Wednesday, undone by heightened tensions over U.S. threats to acquire Greenland ahead of President Donald Trump's Davos speech, while a global bond rout appeared to slow for now. MKTS/GLOB

DATA/EVENTS (GMT)

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1100 UK CBI Business Optimism Q1