SYDNEY  - U.S. soybean futures edged higher for a second consecutive session on Wednesday, though gains were checked amid concerns about a prolonged U.S.-China trade war.

FUNDAMENTALS

* The most active soybean futures on the Chicago Board Of Trade were up 0.1 percent to $8.81-3/4 a bushel by 0213 GMT, having firmed 0.8 percent on Tuesday when prices hit an earlier low of 8.70-1/2 a bushel - the lowest since Nov 8.

* The most active corn futures were up 0.1 percent to $3.61-1/2 a bushel, having closed down 0.3 percent in the previous session.

* The most active wheat futures were little changed at $5.08-3/4 a bushel, having closed up 0.4 percent on Wednesday.

* Soybeans had been pressured by fears of prolonged U.S.-China trade war.

* U.S. Department of Agriculture's announcement that private exporters reported the sale of 123,567 tonnes of soybeans for delivery to unknown destinations during the 2018-19 marketing year.

MARKET NEWS

* The dollar firmed against its major peers on Wednesday, extending overnight gains as investors shunned riskier assets in favour of safe haven currencies on heightened concerns about slowing global growth and the U.S.-Sino trade war.

* Oil prices on Wednesday clawed back some of the previous day's more than 6 percent fall, supported by a report of an unexpected drop in U.S. commercial crude inventories as well as record Indian crude imports.

* U.S. stocks sold off for a second day on Tuesday as energy shares dropped with oil prices, and retailers including Target and Kohl's sank after weak earnings and forecasts, fuelling worries about economic growth.

DATA AHEAD (GMT) 1330 U.S. Durable goods Oct 1330 U.S. Weekly jobless claims 1500 U.S. Existing home sales Oct 1500 U.S. Leading index Oct

(Reporting by Colin Packham; Editing by Rashmi Aich)

© Reuters News 2018