GRAINS-Soybeans ease on demand concerns, losses limited by adverse U.S. weather

    * Concerns over slowing demand in China weigh on U.S.
    * Wheat futures fall from three-month high, corn prices down

 (Adds details, quote)
    By Naveen Thukral
    SINGAPORE, Oct 15 (Reuters) - Chicago soybeans slid on
Tuesday as the market fell from its highest in 16 months on
concerns over dismal demand in top importer China, although the
decline was checked by adverse U.S. weather.
    Wheat fell, easing from a three month high while corn lost
    The most-active soybean contract on the Chicago Board Of
Trade was down 0.3% at $9.37-1/2 a bushel by 0339 GMT,
having firmed 0.5% on Monday when prices hit highest since June
13, 2018.
    Wheat fell 0.4% to $5.08-3/4 a bushel, having climbed
on Monday to its highest since July 19 at $5.15 a bushel and
corn was down 0.5% at $3.95-3/4 a bushel, having closed
largely unchanged in the previous session.
    "Demand destruction due to African swine fever is a major
concern in China," said one Singapore-based trader. "It is hard
for the market to rally in such circumstances."
    China's pig herd in September was 41.1% smaller than it was
a year earlier, the agriculture ministry said on Monday, as a
year-long African swine fever epidemic continued to slash the
world's largest herd.
    Agricultural markets have been supported by cold weather
threatening yields in the U.S. Midwest in recent days.
    The U.S. Department of Agriculture (USDA) in a monthly
report last week cut its forecasts for U.S. 2019/20 soybean
production and ending stocks more than most analysts expected. 
    The government projected that stocks would fall to 460
million bushels by end-August 2020, from 913 million bushels a
year earlier.
    At the same time, the USDA raised its U.S. corn yield
estimate, bucking trade expectations for a reduction.
    Commodity funds were net buyers of CBOT soybean, soyoil,
wheat and soymeal futures contracts on Monday and net sellers of
corn futures, traders said.
 Grains prices at 0339 GMT
 Contract    Last    Change  Pct chg  Two-day chg  MA 30   RSI
 CBOT wheat  508.75  -2.25   -0.44%   +0.15%       487.13  67
 CBOT corn   395.75  -2.00   -0.50%   -0.50%       376.59  61
 CBOT soy    937.50  -3.00   -0.32%   +0.16%       898.51  77
 CBOT rice   11.97   -$0.02  -0.17%   -0.75%       $12.02  56
 WTI crude   53.20   -$0.39  -0.73%   -2.74%       $55.66  
 Euro/dlr    $1.103  $0.000  +0.03%   -0.08%               
 USD/AUD     0.6773  0.000   -0.01%   -0.21%               
 Most active contracts
 Wheat, corn and soy US cents/bushel. Rice: USD per
 RSI 14, exponential

 (Reporting by Naveen Thukral; Editing by Shounak Dasgupta)