BEIJING, June 25 (Reuters) - Chicago soybean and soyoil

futures edged higher on Wednesday, supported by a rebound in oil

prices as investors monitored the fragile ceasefire between Iran

and Israel.

Corn and wheat fell due to growing global crop prospects and

favourable weather conditions.

FUNDAMENTALS

* The most-active soybean contract rose 0.22% to

$10.39-2/8 per bushel as of 0105 GMT after three straight

sessions of losses. Soyoil gained 0.7% to 52.98 cents

per pound.

* Corn eased 0.06% to $4.16 a bushel, hovering near

this year's lowest level, while wheat slid 0.36% to $5.5 a

bushel.

* Oil prices edged higher after plummeting in the last two

sessions, underpinning soyoil, which often tracks crude because

it is used in biofuel as a substitute for fossil fuel.

* Warm, rainy weather in the U.S. Midwest is expected to aid

crop development in the coming days, according to forecasters.

* Corn remains pressured by expectations of ample U.S. and

global supply, alongside benign weather conditions.

* In Brazil, farmers are estimated to produce a record 123.3

million metric tons of second corn, agribusiness consultancy

Agroconsult said on Tuesday.

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

sales of 630,000 metric tons of U.S. corn to Mexico.

* Wheat prices continued to face headwinds from strong

production outlook across the northern hemisphere and

accelerating harvest activity.

* Argus Media raised its forecast for Russia's 2025-26 wheat

output to 84.8 million tons, up from year-ago 81.3 million tons.

* Commodity funds were net sellers of Chicago Board of Trade

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

Tuesday, traders said.

MARKET NEWS

An index of global shares hit a record high on Tuesday with

oil prices plummeting further as market sentiment was lifted by

the easing of Middle East tensions, after a shaky ceasefire

between Israel and Iran began to take hold.

DATA/EVENTS (GMT)

0500 Japan Leading Indicator Revised Apr

1000 France Unemp Class-A SA May

1400 US New Home Sales-Units May