CANBERRA, June 25 (Reuters) - U.S. soybean futures edged higher on Friday as prices rebounded from a near one-week low, although the oilseed was poised to record weekly losses of 1.5% after rains eased concerns about U.S. supplies.
FUNDAMENTALS
* The most-active soybean futures on the Chicago Board of Trade was up 0.4% to $13.76 a bushel by 0149 GMT, having closed down 0.7% on Thursday when prices hit a six-day low of $13.45-3/4 a bushel.
* Soybeans are down nearly 1.5% for the week, the third straight weekly loss.
* Corn futures were up 0.5% for the week after closing down 4.2% in the previous week.
* Wheat futures are down nearly 1.5% for the week, the third straight weekly loss.
* The U.S. Agriculture Department said on Thursday private exporters reported the sale of 132,000 tonnes of soybeans to China and 260,000 tonnes of soybeans to unknown destinations. The USDA has announced similar deals twice this week.
* Russia, the world's largest wheat exporter, started harvesting its 2021 grain crop on Wednesday with bright prospects for another year of large production.
MARKET NEWS
* The U.S. dollar held near multi-month highs on Friday as investors warily awaited U.S. inflation data, while the pound nursed modest losses after Bank of England (BoE) policymakers leaned away from flagging rate rises.
* U.S. stock indexes set fresh records on Thursday and European shares closed near all-time highs, fuelled by supportive U.S. jobless claims data and a breakthrough in infrastructure spending talks in Washington.
(Reporting by Colin Packham; editing by Uttaresh.V)
