GRAINS-CBOT adds over 1 pct on dollar, weather woes

* Wet outlook fuels fear on wheat sowings, corn/soy harvest

* Near-term supply concerns mount for corn, soybeans

* Weak dollar, firm oil also support grains

* Euronext tracks CBOT, shrugs off export concerns

SYDNEY/PARIS, Oct 23 - Chicago grain and soybean futures rose more than 1 percent on Friday to hit fresh multi-month highs, driven by the dollar's weakness and concerns over wet weather hampering U.S. harvests and plantings.

Wheat extended its rally to the highest level in four months as a worsening weather outlook in the U.S. Midwest looked set to limit sowing of winter crops.

Corn rose to a fresh four-month peak and soybean to a seven-week high as forecast rain in the Midwest threatened to delay further harvesting and reduce crop quality.

The dollar grinding to a fresh 2009 high above $1.50 against the euro also lent support to prices.

"It is all related to weather and the U.S. dollar," said David Watson, senior risk manager at FCStone Australia.

"It is a very late crop and only a small percentage of the harvest is completed versus the average so there's some real front end supply concerns.

Chicago Board of Trade soybeans for November delivery added 1.86 percent to $10.24-1/4 per bushel by 1018 GMT, while corn for December delivery climbed 1.36 percent to $4.09.

Corn was also drawing support from crude oil, which held firm above $81, making margins for ethanol fuel.

Scott Briggs, a commodities strategist at Australia&New Zealand Banking Group, said harvest delays, coming on top of late plantings this season, were creating a short-term supply squeeze.

"It is a very late crop so it is a very late harvest and you've got cold and wet weather and that's making the front end tight as initial shipments and commitments can't be met."

SLOWER EU EXPORTS

On wheat markets, CBOT December wheat advanced 1.59 percent to $5.60.50 per bushel, keeping it on track for the best weekly front-month gains in a year.

In Europe, milling wheat futures in Paris continued to shrug off the export-penalising strength in the euro and track the gains for CBOT wheat.

Front-month November wheat climbed 2.47 percent to 134.75 euros a tonne, while the more closely watched January contract rose 2.62 percent to 137.00 euros as Euronext wheat stayed on course for a week of straight gains.

"There is support from funds that is correlating Euronext wheat with international markets," said Michel Portier, analyst with grains consultancy Agritel.

Latest weekly export figures from the European Union showed slower activity, with 269,000 tonnes of licences cleared, the lowest level in a month.

Germany's leading grain trader Toepfer International said in a report on Thursday a strong euro was hindering EU exports.

In other export news, Morocco cleared 219,000 tonnes of European soft wheat imports for delivery by Dec. 15 under a seasonal preferential-tariff agreement, traders said on Thursday.

* Prices as of 1018 GMT Product Last Change Percent Move End 2008 Ytd Percent CBOT corn 409.00 5.50 +1.36 407.00 0.49 CBOT soybeans 1024.25 18.75 +1.86 972.25 5.35 CBOT wheat 560.50 8.75 +1.59 610.75 -8.23 CBOT rice 13.64 0.09 +0.70 15.34 -11.08 Paris wheat 134.75 3.25 +2.47 137.25 -1.82 London wheat 106.25 2.75 +2.66 105.75 0.47 Paris maize 133.00 3.00 +2.31 118.00 12.71 Paris rapeseed 270.75 1.75 +0.65 263.75 2.65 Crude oil 81.23 0.04 +0.05 44.60 82.13 Euro/dlr 1.50 0.00 +0.13 1.49 1.18 *Front month contracts. CBOT contracts in cents per bushels except rice which is in dollars per hundredweight. Paris wheat in euros a tonne and London wheat in pounds per tonne