BEIJING, June 13 (Reuters) - Chicago soybeans fell for a

third straight session on Friday and are on track for a weekly

loss, pressured by uncertainty over U.S. biofuel mandates, weak

exports, and ample global supplies.

Wheat is also headed for a weekly loss, weighed by sluggish

demand, abundant supply and favourable global crop conditions.

Corn is set for a third consecutive weekly drop.

FUNDAMENTALS

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

Trade (CBOT) slipped 0.12% to $10.41 per bushel, as of

0014 GMT.

* Wheat dropped 0.62% to $5.23-2/8 a bushel, down for

a fifth straight session, while corn eased 0.17% to

$4.37-6/8 a bushel, near a seven-month low.

* The U.S. Environmental Protection Agency (EPA) on Friday

is expected to propose lower than-anticipated biofuel blending

mandates, a primary driver of demand for soybean oil, four

sources told Reuters.

* Archer-Daniels-Midland ( ADM ), a key U.S. soybean crusher

and biofuel producer, cut bids for soybeans this week ahead of

the EPA's expected announcement.

* Soybean futures also faced pressure from weak domestic

cash markets and poor weekly export sales.

* Brazilian crop agency Conab raised its estimate of the

country's 2024/25 soybean harvest to 169.60 million metric tons,

up from 168.34 million tons.

* Argentina's 2024/25 soybean harvest is now seen at 50.3

million tons, 300,000 tons above the prior forecast, the Buenos

Aires Grain Exchange said on Thursday, citing better yields.

* Wheat prices remain under pressure from weak export sales

and seasonal harvest pressure, with favourable crop conditions

in the U.S. and Russia weighing further.

* Commodity funds were net sellers of CBOT soyoil, soybean,

corn, wheat and soymeal futures contracts on Thursday, traders

said.

MARKET NEWS

The dollar hit a 2025 low on Thursday but Wall Street stocks

continued their recent rally as traders weighed low inflation

readings, rising Middle East tensions, and the fragility of a

U.S.-China trade truce.

DATA/EVENTS (GMT)

0600 Germany HICP Final YY May

0645 France CPI YY NSA May

0645 France CPI MM NSA May

0900 EU Total Trade Balance SA April