SINGAPORE, Dec 7 (Reuters) - Chicago soybean futures gained more ground on Wednesday with strong demand and easing COVID-19 restrictions in China supporting the market.

Wheat prices are facing headwinds from ample supplies with the market trading near last session's 13-month low.

FUNDAMENTALS

* The most-active soybean contract on the Chicago Board of Trade (CBOT) rose 0.2% to $14.57-1/2 a bushel, as of 0034 GMT. Wheat was down 0.1% at $7.28-1/4 a bushel, after dropping to its lowest since Oct. 2021 on Tuesday at $7.23-1/2 a bushel and corn lost 0.1% to $6.36-3/4 a bushel.

* The U.S. Department of Agriculture announced that U.S. exporters sold 264,000 tonnes of soybeans for delivery China, as well as 240,000 tonnes to unknown destinations, both during the 2022/2023 marketing year.

* The easing of COVID-19 quarantine rules in China could boost demand for soybeans.

* The wheat market is being weighed down by ample Black Sea supplies.

* Pakistan bought 950,000 tonnes of wheat on Monday, with Russian supplies expected to dominate. Russian wheat export prices fell last week amid a record domestic harvest. A record wheat harvest is expected in Australia.

* Soft wheat exports from the European Union in the 2022/23 season that started in July had reached 14.49 million tonnes by Dec. 4, up 3.5% from 14.00 million by the same week in 2021/22, weekly data published by the European Commission showed on Tuesday.

* Commodity funds were net buyers of CBOT soybean and soymeal futures contracts on Tuesday and net sellers of soyoil, wheat and corn wheat futures, traders said.

MARKET NEWS

* Global stocks posted a third straight day of losses and the dollar rose on Tuesday as the market weighed how long the Federal Reserve would keep interest rates high and "restrictive" to the U.S. economy.

DATA/EVENTS (GMT) 0030 Australia Real GDP QQ, YY SA Q3 0300 China Exports, Imports YY Nov 0300 China Trade Balance Nov 0700 Germany Industrial Output MM Oct 0700 Germany Industrial Production YY Oct 0700 UK Halifax House Prices MM, YY Nov 0745 France Reserve Assets Total Nov 1000 EU GDP Revised QQ, YY Q3 (Reporting by Naveen Thukral; Editing by Nivedita Bhattacharjee)