Chicago corn futures recovered to little changed levels on Friday after earlier matching last week's near four-year low, while wheat and soybean prices rose.

Dealers said the market's next move was likely to hinge on the upcoming supply and demand report from the U.S. Department of Agriculture, which was due to be issued at 1600 GMT on Monday.

A survey of analysts had an average forecast for U.S. corn production of 15.112 billion bushels, marginally up from the USDA's July forecast of 15.100 billion with higher expected yields offsetting an expected drop in planted area.

"We look for a reduction in U.S. corn planted and harvested area following inclement conditions across the Northwest Midwest in June," J.P. Morgan said in a weekly update on Friday, adding it had upwardly revised its corn yield forecast.

The most-active corn contract on the Chicago Board of Trade (CBOT) rose 0.3% to $3.98-1/4 a bushel by 1049 GMT after equalling a near four-year low of $3.95 first set last week.

Wheat rose 1.8% to $5.47-1/4 a bushel boosted by declining crop conditions in France while the market was also awaiting major importer Egypt's largest ever tender on Monday.

France's farm ministry on Friday lowered its estimate of the country's 2024 soft wheat output, now expected to be 25% below last year's volume, making it one of the worst harvests of these past 40 years in the European Union's largest grain grower.

Dealers noted, however, there was some improvement in the outlook in top wheat exporter Russia.

Russian agricultural consultancy IKAR said on Friday it had raised its 2024 Russian grain export forecast by 2.2% to 56.2 million metric tons from 55 million tons. Recent rains in Argentina also brought relief to wheat-growing areas in the east of the country, while crops in western regions continue to worsen due to drought and cold, the Buenos Aires Grain Exchange (BdeC) said on Thursday. Soybeans were up 0.6% at $10.14 a bushel.

(Reporting by Nigel Hunt in London and Bernadette Christina in Jakarta; Editing by Rashmi Aich and Sharon Singleton)