* Soy up 0.6 percent after hitting fresh 9-month peak * Wheat up 1 percent, corn 0.9 percent after steep fall * Market eyes USDA report on stocks, crop production on Wed (Updates after European mkts open, pvs SINGAPORE) By Valerie Parent and Naveen Thukral PARIS/SINGAPORE, June 9 (Reuters) - U.S. soybean futures hit a new nine-month top on Tuesday, buoyed by a weaker dollar and shrinking supplies. Wheat and corn also rose after a sell-off in the previous session but analysts said improved crop weather could weigh on grains. The dollar was steady against a basket of currencies, staying below a two-week high scaled after U.S. jobs data last week stoked expectations for a Federal Reserve rate rise later this year. Chicago Board of Trade July soy rose 0.6 percent to $12.39-3/4 a bushel by 1110 GMT, after touching a high of $12.40 a bushel, the highest since Sept. 4. July wheat rose 1 percent to $6.04 a bushel and corn for July delivery rose 0.9 percent to $4.39 a bushel after losing 4 and 2 percent respectively on Monday on the rising dollar and improved weather. Dry weather in the southern U.S. Plains allowed farmers in the area to make good progress in the winter wheat harvest. Improved planting conditions in key areas of the eastern Corn Belt during the weekend, as well as showers in states such as Iowa, also contributed to the drop in corn. "It was quite a heavy sell-off in commodities that was driven by rebound by U.S. dollar," said Toby Hassall, an analyst with Commodity Warrants Australia. "Today's dollar move is a positive factor for the grains market." USDA REPORT AWAITED Eyes were also on the U.S. Agriculture Department monthly crop production report due on Wednesday, which will provide the government's latest forecast for key figures such as soybean ending stocks as well as wheat and corn production. Analysts surveyed by Reuters expect the USDA to cut projected end-season U.S. soybeans stocks to 114 million bushels, the lowest supply seen since August 1977, due to strong export demand. USDA's current estimate for U.S. soy stocks at the end of the marketing year on Aug. 31 is at a five-year low of 130 million bushels. "What we see is precautionary purchases before the USDA report," a European trader. European wheat was firm in morning trade with benchmark November up 1 euro or 0.65 percent at 155 euros a tonne. Other European traders pointed to slow activity in the market with many players in a wait-and-see attitude, which is rare just weeks before harvest. Grains prices as of 1110 GMT Product Last Change Percent Move End 2008 Ytd Percent move CBOT corn 439.00 +4.00 +0.92 407.00 +7.86 CBOT soy 1239.75 +7.50 +0.59 972.25 +27.44 CBOT wheat 604.00 +6.00 +1.00 610.75 -1.10 CBOT rice 12.44 -0.04 -0.28 15.34 -18.90 European wheat 155.00 +1.00 +0.65 145.75 +6.35 US crude 69.01 Euro/dollar 1.3886 (Front-month contracts except for European wheat whose August contract is illiquid) (Corn, soybean, wheat U.S. cents per bushel) (Rice U.S. cents per hundredweight) (European wheat in euros per tonne) (Crude $ per barrel) (Writing by Sybille de La Hamaide, editing by Peter Blackburn)

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