BEIJING, Nov 22 (Reuters) - Chicago wheat rebounded on

Friday, poised for a 6.3% weekly gain, as Russia launched a

hypersonic missile at a Ukrainian city, raising concerns over

potential disruptions to exports from the breadbasket region.

Soybean futures and corn also gained.

FUNDAMENTALS

* The most-active wheat contract on the Chicago Board of

Trade (CBOT) was up 0.13% at $5.70-28 a bushel, as of 0150

GMT.

* CBOT soybeans were up 0.3% at $9.80 a bushel, but on

course for a 1.7% weekly loss. Corn gained 0.18% to $4.27

a bushel, headed for a 0.7% weekly gain.

* Russia fired a hypersonic intermediate-range ballistic

missile at Dnipro on Thursday in response to the U.S. and the UK

allowing Kyiv to strike Russian territory with advanced Western

weapons, in a further escalation of the 33-month-old war.

* The International Grains Council said it has trimmed its

forecast for 2024/25 global wheat production by 2 million metric

tons to 796 million tons, driven partly by a diminished outlook

for the European Union.

* The UK wheat area for the 2025 harvest is forecast to rise

by 5%, while rapeseed sowings are seen falling by 17% to a

42-year low, the Agriculture and Horticulture Development Board

said in provisional results of its early bird survey.

* The U.S. Department of Agriculture confirmed private sales

of 198,000 tons of U.S. soybeans to China and another 135,000

metric tons to unknown destinations, all for delivery in the

2024/25 marketing year.

* Argentina's 2024/25 soybean planting progressed by 16

percentage points in the past week, reaching 35.8% of the 18.6

million hectares projected for the season, according to the

Buenos Aires Grain Exchange.

* Commodity funds were net sellers of Chicago Board of Trade

soybean, soymeal, soyoil, corn and wheat futures contracts,

traders said.

MARKETS NEWS

* An index of global stock markets edged higher in choppy

trading on Thursday as investors digested lacklustre revenue

forecast from artificial-intelligence chipmaker Nvidia and

bitcoin approached the $100,000 milestone.