* Grain markets consolidate before Feb. 9 USDA crop report
* Traders await new China corn deals, Brazil planting update
* Soybeans edge higher as rain-slowed Brazil harvest monitored
* Wheat firms as Russian export tax plans assessed
By Gus Trompiz and Colin Packham PARIS/CANBERRA, Feb 5 (Reuters) - U.S. corn futures were little changed on Friday near a 7-1/2 year high as traders awaited further indications on rising Chinese imports and mixed crop prospects in South America.
Soybeans edged higher as traders monitored Brazil's soybean harvest which is being slowed down by rains but still widely expected to yield a record volume.
Wheat rose, recouping some of its losses this week as traders grappled with the potential impact of Russia's plans for an ongoing export tax from June.
Price movements were limited as grain markets turned their attention towards next week's U.S. Department of Agriculture (USDA) world crop report as a gauge of tightening supplies.
The most-active corn futures on the Chicago Board Of Trade were down 0.1% at $5.49-1/4 a bushel by 1209 GMT.
On Thursday, the contract reached $5.58, its highest level since June 2013. CBOT soybeans ticked up 0.1% to $13.74 a bushel, while wheat was 0.8% higher at $6.42-3/4 a bushel.
"The market is looking to get through the season with any further scathing," Michael Magdovitz, commodity analyst at Rabobank, said. "Right now, the situation seems relatively demure, with Brazilian soybean harvest in progress, winter wheat in dormancy and corn seeing good albeit late planting prospects in South America."
Last week's announcement of multi-million tonne sales of U.S. corn to China heightened concern about mounting Chinese demand straining U.S. and global supplies.
Rain has been slowing Brazil's soybean harvest and subsequent planting for its second corn crop, but forecasters are still expecting bumper crops.
In Argentina, though, the Buenos Aires Grains Exchange on Thursday cut its 2020/21 corn crop forecast by 1 million tonnes to 46 million tonnes, citing lower-than-expected yields caused by dry weather.
Surging grain imports by China for livestock feed has made the market sensitive to any potential setback in South American harvests, as U.S. stockpiles are whittled down.
"The China feed puzzle continues to dominate market thinking," said Tobin Gorey, director of agricultural strategy, Commonwealth Bank of Australia.
Prices at 1209 GMT Last Change Pct End Ytd Pct Move 2020 Move CBOT wheat 642.75 5.25 0.82 640.50 0.35 CBOT corn 549.25 -0.75 -0.14 484.00 13.48 CBOT soy 1374.00 1.50 0.11 1311.00 4.81 Paris wheat Mar 225.50 0.75 0.33 213.25 5.74 Paris maize Mar 218.50 0.75 0.34 198.50 10.08 Paris rape May 440.00 0.75 0.17 412.00 6.80 WTI crude oil 56.76 0.53 0.94 48.52 16.98 Euro/dlr 1.20 0.00 0.12 1.2100 -1.02 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Gus Trompiz in Paris and Colin Packham in Canberra Editing by Amy Caren Daniel and Jane Merriman)
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