BEIJING, Dec 27 (Reuters) - Chicago wheat gained on

Friday after a big purchase from Algeria, but was set for a

weekly decline, while soybean eased as a record crop in Brazil

weighed on the market. Corn also slipped.

FUNDAMENTALS

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

Trade gained 0.09% to $5.41 a bushel, but logged a 1.3%

weekly decline so far.

* CBOT corn fell 0.14% to $4.53 a bushel at 0145 GMT,

notching a 4.8% gain so far in the week. Soybeans shed

0.25% to $9.94 a bushel. For the week, it has risen 2.3% so far.

* Algeria's state grains agency OAIC is believed to have

purchased an estimated 1.17 million metric tons of milling wheat

in an international tender that closed on Tuesday, European

traders said.

* Russia's IKAR agricultural consultancy on Thursday said it

saw 2025-26 wheat exports at 41 million metric tons in a

baseline scenario, down from 43.5 million tons expected in the

current season.

* Russia harvested 125 million tons of grain and legumes,

including 82 million tons of wheat in clean weight in 2024, down

13% from last year, data from statistical agency Rosstat showed

on Thursday.

* Commodity funds were net buyers of Chicago Board of Trade

corn, soybean, soymeal and wheat futures contracts on Thursday

and net sellers of soyoil futures, traders said.

MARKETS NEWS

* Wall Street closed mixed on Thursday and the U.S.

benchmark Treasury yield eased after scaling the highest level

since May in light and directionless post-Christmas trading.