PARIS/CANBERRA, June 7 (Reuters) - Chicago and Paris
wheat futures extended losses on Friday to one-month lows as
news of an import ban by Turkey weakened the demand outlook and
eclipsed concerns over weather damage to crops in Russia.
    Corn and soybean futures edged lower, after rebounding in
the previous session when news of tighter rules on tax credits
in Brazil led to hopes that U.S. exports could benefit.
    The most-active wheat contract on the Chicago Board of Trade
(CBOT) was down 2.1% at $6.26-1/4 a bushel by 0953 GMT, on
track for its eighth consecutive daily fall. 
    It earlier touched its lowest level since May 6 at
$6.25-1/2, nearly $1 dollar below last week's 10-month peak of
    On Euronext, September wheat plunged 4.1% in early
trade to 241.00 euros per metric ton, its weakest since May 8.
    Turkey will halt wheat imports from June 21 until at least
Oct. 15 to protect domestic producers, the agriculture ministry
    "This is clearly going to take a major importer out of the
market during the first part of the marketing season," a
European trader said.
    Turkey is a key destination for Black Sea wheat, notably
Russian wheat, and the absence of Turkish demand could stiffen
competition in other export markets.
    The demand setback further shifted attention away from
weather risks in Russia, where analysts have slashed harvest
forecasts in the past month due to frosts and drought.
    A statement by Russian Deputy Agriculture Minister Andrei
Razin that Moscow would fulfill all of its export commitments
also eased concerns about possible Russian export restrictions
in response to weather damage.
    In other crops, CBOT soybeans fell 0.6% to $11.92-1/2
a bushel while corn was 0.4% lower at $4.50 a bushel.
    Favorable crop conditions in the United States, where
farmers have made steady progress in planting corn and soybeans
while starting winter wheat harvesting, were also curbing grain
 Prices at 0953 GMT                       
                         Last     Change  Pct Move
 CBOT wheat              626.25   -13.25  -2.07
 CBOT corn               450.00   -2.00   -0.44
 CBOT soy                1192.50  -7.50   -0.62
 Paris wheat             243.25   -8.00   -3.18
 Paris maize             219.75   -3.00   -1.35
 Paris rapeseed          470.75   -3.75   -0.79
 WTI crude oil           75.62    0.07    0.09
 Euro/dlr                1.09     0.00    0.06
 Most active contracts - Wheat, corn and soy US
 cents/bushel, Paris futures in euros per metric

 (Reporting by Gus Trompiz in Paris and Peter Hobson in
Canberra; Editing by Janane Venkatraman, Mrigank Dhaniwala
and David Evans)