GRAINS-Chicago wheat slips as Black Sea supply worries ease

BEIJING, Sept. 15 (Reuters) - U.S. wheat futures fell on Tuesday, hovering near a more than two-week low, as hopes of reduced tensions in the Black Sea region eased supply concerns after Washington said Ukraine and Russia agreed not to target each other's energy infrastructure.

The most-active wheat contract Wv1 on the Chicago Board of Trade (CBOT) was down 0.55% at $7.18 a bushel, as of 0410 GMT.

Traders continued to monitor risks to vital Black Sea grain export routes. Ukraine President Volodymyr Zelenskiy said on Monday that Kyiv was ready to support a U.S. proposal for a ceasefire on energy sites only if Washington could ensure Moscow was genuinely ready to end its war on Ukraine.

Soybeans Sv1 lost 0.48% to $12.98 a bushel and corn Cv1 dropped 0.33% to $5.31-1/2 a bushel.

The U.S. Department of Agriculture on Monday reported harvest progress at 8% for corn and 6% for soybeans, as of Sunday, ahead of their respective five-year averages of 6% and 3%.

However, the prospect of harvest delays in the Midwest offered some support to corn and soybean prices. Forecasts called for heavy rain across parts of the Midwest this week, potentially slowing fieldwork in Iowa, the largest U.S. corn-producing state and the second-largest soybean producer.

Traders were also optimistic about Chinese demand for U.S. soybeans ahead of Chinese President Xi Jinping's expected visit to Washington.

Commodity funds were net sellers of CBOT wheat and net buyers of soy, traders said on Monday. CBOT/FUNDS