PARIS/SINGAPORE (Reuters) - US corn and wheat futures slid on Monday, dragged lower by weaker oil prices and a rising dollar as worries about economic growth and sovereign debt dampened the mood across markets. Concerns that Italy could be the next victim of a debt crisis in the euro zone added to negative reaction among investors to lower-than-expected U.S job creations and slower growth in Chinese imports. The risk aversion encouraged operators to trim positions on grains after a rebound last week supported by corn exports. In terms of what we are seeing in wider markets, we have crude oil trading touch lower and U.S. dollar higher, which is the continuation of risk aversion that swept through global markets on Friday, said Luke Mathews, commodity strategist at Commonwealth Bank of Australia. It is bearish outside influences and possibly some profit-taking after last weeks rally. Corn tends to be influenced by crude oil because the crop is widely used to make ethanol in the United States, while a stronger dollar pressures commodities priced in the U.S. currency by making them more expensive on the world market. The wheat market was also curbed by fresh signs of competition from Russia, which has returned to export markets after nearly a years absence, with an analyst raising its harvest outlook and local prices continuing to fall despite two tender sales last week. The market could also be affected by a possible decision by India to resume exports amid record stocks. Grain operators were also waiting for further fundamental direction from the U.S. Department of Agricultures monthly supply/demand estimates, due on Tuesday. After the USDA stunned the market with higher-than-expected numbers for corn acreage and quarterly stocks on June 30, analysts are now expecting them to raise their ending stock projections for this season and next. But the bearish impact of increased supply in the official estimates may be offset by weather worries if hot conditions persist in the U.S. corn belt as crops enter pollination. Chicago Board of Trade new-crop December corn fell 1.41 percent to $6.28 a bushel by 1217 GMT, while December wheat lost 2.53 percent to $6.73. November soy contract rose 0.56 percent to $13.38. European wheat futures tracked U.S. prices lower, with benchmark November milling wheat down 1.16 percent at 192.50 euros a tonne. The market is continuing to react to macroeconomic factors and these are showing the absence of a way of out of crisis, one European grain trader said. A sell-off in Italian government bonds gave fresh urgency to a meeting of euro-zone finance ministers called to discuss next steps to tackle Greeces debt woes. Renewed fears about the euro zone exacerbated economic concerns stoked by U.S. and Chinese data.