* Soybeans firm after 3 days of losses, LatAm weather limits
* Broad-based gains in global markets support agricultural
SINGAPORE, Jan 21 (Reuters) - Chicago soybeans snapped a
three-session losing streak on Thursday, but gains were limited
as rains across South America eased supply worries.
Wheat and corn prices gained ground with additional support
from broad-based gains in world markets on hopes for more
Asian stocks rose to new record highs, tracking U.S. markets
as investors hoped for more economic stimulus from newly
inaugurated U.S. President Joe Biden to offset damage wreaked by
the COVID-19 pandemic.
The Chicago Board of Trade (CBOT) most-active soybean
contract added 0.6% to $13.78 a bushel, as of 0337 GMT.
The market dropped to its lowest since Jan. 8 at $13.52 a bushel
Wheat rose 0.9% to $6.73-1/2 a bushel and corn
gained 1.3% to $5.28-1/2 a bushel.
Soybeans could face increased volatility as markets look for
direction before the South American harvest begins in force.
China's soybean imports from the United States rose by 52.8%
in 2020 from a year earlier, customs data showed on Wednesday,
though the stepped up buying likely fell short of what was
needed to fulfil last year's trade deal between the countries.
The world's top soybean buyer last year brought in 25.89
million tonnes of the oilseed from the U.S., its second-largest
supplier, up from 16.94 million tonnes in 2019.
Argentine farmers have dramatically increased sales from the
upcoming 2020/21 corn harvest, due to concern the government may
yet again try to limit international sales.
The agriculture ministry has caused uncertainty by going
back and forth in recent weeks on policies seeking to ensure
ample food supplies by limiting international shipments of corn.
Argentina is the world's No. 3 exporter of the grain.
Wheat was supported by impending Russian export taxes,
though expected rainfall across the United States limited gains.
Commodity funds were net buyers of CBOT soyoil futures
contracts on Wednesday and net sellers of soybean, corn, soymeal
and wheat futures contracts, traders said.
(Reporting by Naveen Thukral; Editing by Krishna Chandra Eluri
and Rashmi Aich)