PARIS/SINGAPORE, June 20 (Reuters) - Chicago wheat
futures fell further to two-month lows on Thursday as traders
remained focused on U.S. harvest progress and improved
production prospects among other major exporters.
    Corn and soybean futures also dipped as a heatwave in the
United States was not seen posing a major threat to crops.
    With the Chicago Board of Trade (CBOT) reopening after a
public holiday on Wednesday, September soft red winter wheat
 was down 1.1% at $5.92-1/4 a bushel by 1037 GMT.
    The contract earlier fell to $5.90-3/4, its lowest since
April 22. 
    "There is plenty of wheat coming out of the United States
and the Russian crop is stabilising," said Ole Houe, director of
advisory services at IKON Commodities in Sydney.    
    "In the near term there is not much to stop prices from
sliding further." 
    The U.S. Department of Agriculture said on Monday that the
winter wheat harvest was well ahead of the average pace of
recent years and that growing conditions for both winter and
spring wheat had improved last week.
    Consultancy IKAR said on Wednesday that it had raised its
forecasts for the country's wheat crop to 82 million metric tons
from 81.5 million tons.
    Frosts and dry weather in Russia, the world's biggest wheat
exporter, had led to severe harvest downgrades that raised
global prices, but rain this month has eased concerns.
    "All the analysts are probably going to raise their Russia
outlooks back up a bit and get closer to the USDA's forecast of
83 million tons," one European trader said.
    In Argentina, the Buenos Aires Grains Exchange bumped up its
forecast for wheat planting, saying that higher wheat prices and
lower input costs were pushing more farmers to sow the crop
despite dryness in some areas. 
    CBOT soybeans edged down 0.1% to $11.72-3/4 a bushel
and corn lost 0.2% to $4.49 a bushel.
    A heatwave in the U.S. Midwest this week has raised concern
about the eastern Corn Belt's corn and soy crops, but
agronomists said it should have limited impact on plants at this
stage. Traders, meanwhile, noted that temperatures are set to
ease and some showers are forecast in the week ahead.
    

 Prices at 1037 GMT                       
                         Last     Change  Pct Move
 CBOT wheat              592.25   -6.75   -1.13
 CBOT corn               449.00   -1.00   -0.22
 CBOT soy                1172.75  -1.25   -0.11
 Paris wheat             227.75   -2.75   -1.19
 Paris maize             208.75   -1.25   -0.60
 Paris rapeseed          466.75   0.50    0.11
 WTI crude oil           81.60    0.03    0.04
 Euro/dlr                1.07     0.00    -0.14
 Most active contracts - Wheat, corn and soy US
 cents/bushel, Paris futures in euros per metric
 ton
    

 (Reporting by Gus Trompiz in Paris and Cassandra Yap in
Singapore
Editing by Eileen Soreng, Sherry Jacob-Phillips and David
Goodman
)