* Corn turns higher after early declines
* Market watching for more China imports, USDA forecast revisions
* Soybeans climb after two days of correction (New throughout; updates byline, dateline previously PARIS/CANBERRA)
By Christopher Walljasper
CHICAGO, Feb 3 (Reuters) - Chicago corn futures traded higher on Wednesday after easing earlier in the day as traders anticipated strong export sales would continue.
Soybeans also moved higher, while wheat fell as global markets grappled with ample supplies and the impact of Russia's export tax.
Attention was also turning to the U.S. Department of Agriculture's monthly supply and demand report on Feb. 9 to see how the USDA factors in last week's multi-million tonne sales of U.S. corn to China.
The most-active corn futures on the Chicago Board Of Trade were up 6 cents at $5.49 per bushel by 11:45 a.m. (1718 GMT)
CBOT soybean futures gained 12 cents to $13.66-3/4 per bushel, while CBOT wheat shed 1/2 cent to $6.44-1/4 per bushel.
The USDA's weekly export sales report, due Thursday morning, is expected to show record corn sales, but much of that could already be factored into the market, said Tom Fritz, commodity broker at EFG Group.
"Corn sales have been advertised, given the daily announcements we saw a week ago," he said. "I think all eyes are waiting on the USDA next Tuesday," he added, referring to the monthly report.
The USDA could tighten its forecast of U.S. soybean ending stocks in that report, despite a lack of daily sales notices, said John Zanker, market analyst at Risk Management Commodities, noting that soybean futures could still climb higher.
"I'll be surprised if we don’t go back and see those highs. That may get started next week if the USDA lowers that carry-out," he said.
Grain markets remained underpinned by risks to South American supply.
Argentine agricultural exports were disrupted on Wednesday as truckers blocked roads around the Buenos Aires ports of Bahia Blanca and Quequen and authorities cleared roads near the country's main export hub of Rosario.
In Brazil, a rain-hampered start to the soybean harvest was also raising doubts about how soon Brazilian exports will be available to help meet Chinese demand. (Reporting by Christopher Walljasper; additional reporting by Gus Trompiz in Paris and Colin Packham in Canberra; Editing by Kirsten Donovan)
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