By Gus Trompiz and Mei Mei Chu
       PARIS/BEIJING, July 31 (Reuters) - Chicago soybean and
corn futures ticked up on Wednesday, supported by a broader
recovery in commodities, but prices remained near their lowest
since 2020 as favourable U.S. crop prospects weighed.
    Wheat edged down for a second session to also hover above
its lowest since 2020, with seasonal supply pressure from
northern hemisphere harvests continuing to pressure prices.
    The most-active soybean contract on the Chicago Board of
Trade (CBOT) rose 0.8% to $10.29-3/4 a bushel by 0906 GMT,
near Monday's low of $10.18 that was a level not seen since
October 2020.
    CBOT corn edged up 0.2% to $4.05-3/4 a bushel, close
to its end-June low of $3.99-1/2 that was its weakest price
since November 2020.
    CBOT wheat eased 0.1% to $5.23-1/4 a bushel, near
Monday's low of $5.14-1/2 that was a level not seen since August
2020.
    Crude oil rebounded on Wednesday from seven-week lows amid
heightened tensions in the Middle East after the killing of
Hamas leader Ismail Haniyeh in Iran.
    Investors were also awaiting a U.S. Federal Reserve interest
rate announcement later in the day for further direction.

    But worries about China's economy hung over commodities
while favourable crop prospects in the United States were still
curbing grain prices.
    "Despite gains during the past 24 hours, the commodity
sector is heading for a more than 4% loss on the month, its
worst performance in 14 months driven by China growth concerns,"
Saxo Bank said in a note.
    In grains, concerns about hot, dry weather in the central
U.S have been tempered by forecasts suggesting storms will bring
some rain while temperatures will ease in the week ahead.
    "Hot weather expected across much of the Corn Belt in late
July and early August may be less severe than initially
forecast," said Cheang Kang Wei, assistant vice president at
StoneX in Singapore.
    The soybean market has also been dented by last week's U.S
court ruling last week against the Environmental Protection
Agency's decision to deny small oil refiners temporary waivers
from a biofuels blending programme. That could curb demand for
biodiesel made with soyoil.
    France's main wheat crop may only reach 26 million metric
tons this year, a level not seen since the 1980s, as harvest
results confirm a plunge in yields following months of heavy
rain, producers' group AGPB said on Tuesday.
    But analysts have also been raising estimates for the
harvest in top wheat exporter Russia.
    Purchases by Tunisia and Jordan on Tuesday showed some fresh
demand after recent price falls, though Black Sea supplies were
expected to dominate again the sales despite signs that Russian
prices are bottoming out.
    
    
 Prices at 0906 GMT                       
                         Last     Change  Pct Move
 CBOT wheat              523.25   -0.75   -0.14
 CBOT corn               405.75   0.75    0.19
 CBOT soy                1029.75  8.50    0.83
 Paris wheat             217.00   1.75    0.81
 Paris maize             214.00   -1.00   -0.47
 Paris rapeseed          458.00   7.00    1.55
 WTI crude oil           76.69    1.96    2.62
 Euro/dlr                1.08     0.00    0.07
 Most active contracts - Wheat, corn and soy US
 cents/bushel, Paris futures in euros per metric
 ton
 
    


 (Reporting by Gus Trompiz in Paris and Mei Mei Chu in Beijing;
Editing by Sherry Jacob-Phillips and Varun H K, Alexandra
Hudson)