* Potential yield losses in key U.S. producing areas support
* Wheat rises for 1st time in 4 session, soybeans firm
SINGAPORE, June 16 (Reuters) - Chicago corn futures rose on
Wednesday, supported by concerns over potential yield losses
from recent unfavourable weather in parts of the U.S. Midwest.
Wheat rose for the first time in four session and soybeans
The most-active corn contract on the Chicago Board Of Trade
(CBOT) rose 0.7% to $6.72 a bushel, as of 0336 GMT.
Wheat added 0.6% to $6.65-1/2 a bushel and soybeans
were up 0.1% at $14.67-1/2 a bushel.
"Hot and dry weather across the U.S. Corn Belt last week
sent crop conditions tumbling on Monday in top-producing states,
particularly Iowa," Karen Braun, a market analyst for Reuters,
wrote in a column.
"Health could deteriorate further on dryness in the week
ahead, though forecasts suggest some critical relief could be in
store for the following week."
The U.S. Department of Agriculture (USDA) late on Monday
rated 68% of the U.S. corn crop as good to excellent, down four
points from the previous week, and 62% of the soybean crop as
good to excellent, down five points.
Some favourable weather is expected across the Midwest,
easing the threat to crops.
The National Oilseed Processors Association (NOPA) said its
members crushed 163.5 million bushels of soybeans in May, up
from 160.3 million in April but below an average of analyst
expectations for 165.1 million bushels.
The U.S. wheat harvest was only 4% complete by Sunday, the
USDA said, lagging the five-year average of 15%.
Germany's 2021 wheat crop of all types is expected to
increase by 3.8% on the year to 22.98 million tonnes as recent
good weather helped crops, the country's association of farm
cooperatives said on Tuesday.
Commodity funds were net sellers of CBOT wheat, soybean,
corn, soyoil and soymeal futures contracts on Tuesday, traders
(Reporting by Naveen Thukral)