BEIJING, June 8 (Reuters) - Chicago wheat futures edged lower on Monday, weighed by ample global supplies, weak demand for U.S. exports, the U.S. Plains harvest.

Soybeans edged lower in the absence of fresh Chinese purchases of U.S. crops, while corn climbed.

FUNDAMENTALS

* The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was down 0.02% at $11.21-3/4 a bushel, while corn Cv1 added 0.18% to $4.18-1/4 a bushel.

* Wheat Wv1 fell 0.26% to $5.78-1/2, hitting the lowest point in two months.

* Traders are watching for signs of renewed Chinese demand for U.S. crops after Beijing agreed to expand agricultural trade during a mid-May meeting with Washington. A lack of major purchases since the summit pressured the soybean market.

* Above-normal rains were expected throughout much of the Midwest farm belt over the next 15 days, likely aiding germination and growth of recently planted soy and corn, forecasters said late last week.

* Ukraine's APK-Inform agriculture consultancy said on Sunday it had revised up the country's wheat harvest to 21.7 million tons from 19.9 million tons.

MARKET NEWS

* Asian markets plunged on Monday as investors slammed the brakes on the red-hot AI rally, while Israeli strikes on Beirut sent oil prices and the dollar higher. MKTS/GLOB

DATA/EVENTS (GMT)

0600 Germany Industrial Orders MM April

0600 Germany Manufacturing O/P Cur Price SA April

0600 Germany Consumer Goods SA April