GRAINS-Corn up as U.S. harvest remains slow; wheat also rises - Successful Farming

* Sluggish U.S. harvest supports corn

* Wheat up, rebounds from Monday’s fall

* Soybeans rise from near 3-month lows (Recasts with European trade, adds new comment, changes dateline)

By Michael Hogan

HAMBURG, Dec 3 (Reuters) - Chicago corn rose on Tuesday on concern about slow progress in the final stages of the U.S. harvest.

Wheat rose, moving towards 5-month highs hit on Friday, supported by worries about tightening global supplies.

Chicago Board of Trade most active corn was up 0.3% to $3.83-1/2 a bushel at 1212 GMT. Wheat rose 0.7% to $5.39 a bushel. Soybeans rose 0.4% to $8.74 a bushel after hitting their lowest since Sept. 11 on Monday.

In its weekly crop progress report on Monday, the U.S. Department of Agriculture (USDA) said 89% of U.S. corn was harvested, signalling sluggish progress from last week's 84% and compared with the five-year average of 98%.

“Corn is rising today partly on concern about the slow progress being made with the final stages of the U.S. harvest, and technical considerations,” said Matt Ammermann, commodity risk manager with INTL FCStone.

“Corn is also supporting wheat, which is also being underpinned by technical buying and reports of harvest problems in Australia and weather in parts of north Europe.”

“The U.S. corn harvest should be finishing by now but the USDA figures on Monday show that about 35 million tonnes of U.S. corn remains in the fields. The weather outlook for the final areas remains wintry so the last U.S. corn areas could still prove very difficult to harvest.”

Australia on Tuesday cut its wheat production forecast by nearly 20% after an unrelenting drought in parts of the country.

Russian wheat prices recorded a third consecutive weekly rise last week as higher demand from exporters and domestic processors offset rising supply from farmers, selling part of their stockpile before the New Year.

Wheat futures "are trying to rebound from yesterday's profit taking" after reaching multi-month highs at the end of last week, brokerage Allendale said in a note.

Traders awaited signs of a deal between the United States and China to end their damaging trade war.

“Soybeans are seeing some purchase interest after their falls on Monday, but rises are limited by the lack of concrete progress in the U.S./China trade talks to reopen China to U.S. soybean exports,” Ammermann said.

“Large South American harvests are just around the corner. China is believed to have already made large purchases of new crop South American soybeans so there is the question about how much U.S. soybeans China would need if a trade deal is agreed.” (Reporting by Michael Hogan; Additional reporting by Naveen Thukral; Editing by Mark Potter)

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GRAINS-Corn up as U.S. harvest remains slow; wheat also rises - Successful Farming
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