SINGAPORE, Feb 7 (Reuters) - Chicago soybean futures dipped on Wednesday as prices fell for the first time in three sessions, with the market's focus on higher production in Argentina.
Corn slid to a one-week low, while wheat edged higher.
FUNDAMENTALS
* The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 0.1% to $11.98 a bushel, as of 0225 GMT. Corn lost 0.3% to $4.37-1/2 a bushel and wheat added 0.1% to $5.95-3/4 a bushel.
* Traders squared positions ahead of two key crop reports on Thursday from the U.S. Department of Agriculture (USDA) and Brazil's Conab, with a keen focus on crop production updates for Brazil and Argentina.
* Analysts polled by Reuters, on average, expect the USDA to slightly increase its corn and soybean harvest forecasts for Argentina.
* Brazilian farmers have sown 27% of the area expected to be planted with second corn in the center-south, marking the fastest pace for second corn planting since records began in 2013, agribusiness consultancy AgRural said on Monday.
* French production of durum wheat could fall again this year to a new low this century as time runs out for planting held over from autumn and early field conditions are mixed, crop institute Arvalis said on Tuesday.
* Commodity funds were net buyers of CBOT wheat soybean and soyoil futures contracts on Tuesday, and net sellers of corn and soymeal, traders said.
MARKET NEWS
* Asian stocks firmed as investors waited to see if Beijing's increasingly frantic efforts to prop up its sagging share markets would actually work, while bonds enjoyed a reprieve from recent selling.
DATA/EVENTS (GMT) 0700 Germany Industrial Output MM Dec 0700 Germany Industrial Production YY Dec 0700 UK Halifax House Prices MM, YY Jan 0745 France Reserve Assets Total Jan 1330 US International Trade Dec (Reporting by Naveen Thukral; Editing by Rashmi Aich)
