* Corn near eight-year high * Brisk demand and weather risks in focus * USDA report awaited on U.S. corn and soy stocks * Wheat futures firm on corn spillover, spring weather threats * Soybeans little changed (Updates with European trading, changes byline/dateline) By Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, April 9 (Reuters) - Chicago corn edged higher on Friday, holding on to sharp gains from the previous session as strong demand and weather risks kept the focus on tight supply ahead of closely watched U.S. government forecasts. Wheat continued to track strength in corn while also finding support in adverse weather in some growing regions. Soybeans were little changed as traders adjusted positions before the U.S. Department of Agriculture's (USDA) monthly supply and demand report at 1600 GMT. The most active corn contract on the Chicago Board of Trade (CBOT) was up 0.3% at $5.81-1/4 a bushel by 1130 GMT, trading close to last week's almost eight-year peak of $5.85. Corn climbed on Thursday after the U.S. Energy Information Administration reported corn-based ethanol stocks at the lowest level since November and as rain forecast for much of the U.S. Midwest threatened to hamper planting. The need to replenish ethanol stocks could add to strain on corn supplies after a strong export season. Overseas demand has been boosted by rising Chinese imports. The country's agriculture ministry on Friday more than doubled its forecast of 2020/21 corn imports to 22 million tonnes, bringing it closer to market estimates. CBOT wheat was up 0.6% at $6.32-1/2 per bushel, continuing its rebound from a 2021 low struck last week. "It's one following the other after corn started to get expensive against wheat," said Benjamin Bodart of consultancy Agritel. Dry weather ahead of spring wheat planting in North America and cold, dry conditions in western Europe were also tempering recent optimism about northern hemisphere wheat harvests. CBOT soybeans were up half a cent at $14.15.-3/4 a bushel. Traders were weighing up signs that a rain-delayed Brazilian soybean harvest was starting to flow onto export markets against persistent tensions in oilseed markets, partly owing to high prices for vegetable oils and biodiesel. Prices at 1130 GMT Last Change Pct End Ytd Pct Move 2020 Move CBOT wheat 632.50 3.75 0.60 640.50 -1.25 CBOT corn 581.25 1.50 0.26 484.00 20.09 CBOT soy 1415.75 0.50 0.04 1311.00 7.99 Paris wheat May 212.25 0.50 0.24 210.50 0.83 Paris maize Jun 216.50 1.25 0.58 198.75 8.93 Paris rape May 510.50 -2.25 -0.44 412.00 23.91 WTI crude oil 59.63 0.03 0.05 48.52 22.90 Euro/dlr 1.19 0.00 -0.18 1.2100 -1.74 Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per tonne (Reporting by Gus Trompiz in Paris and Naveen Thukral in Singapore Editing by David Goodman )
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GRAINS-Corn holds gains on tight supply ahead of USDA report - Successful Farming
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