SYDNEY (July 13): U.S. soybeans fell on Wednesday after hitting their highest in more than a week earlier in the session, with worries about potential crop damage continuing to support prices.

FUNDAMENTALS 

* The most active soybean futures on the Chicago Board of Trade fell 0.46 percent to $10.82 a bushel, having earlier hit their highest since July 5 at $10.97 a bushel.

* The most active corn futures were little changed at $3.60 a bushel, having gained 1.34 percent in the previous session.

* The most active wheat futures dropped 0.3 percent to $4.37-1/4 a bushel.

* Soybeans drew support amid worries about stressful crop conditions as forecasters said above-normal temperatures and near-normal to below-normal rainfall may spread across most of the United States next week.

* The U.S. Department of Agriculture on Tuesday predicted a big domestic soybean harvest would help offset rising overseas demand for U.S. supplies of the oilseed.

* The USDA pegged 2015/16 U.S. corn stocks at 1.701 billion bushels, down 7 million bushels from its June estimate.

* The agency is likely to boost the already massive yield forecast in the coming months, according to historical data that show estimates of big crops tend to grow even larger as harvest time nears.