<p>BEIJING, March 12 (Reuters) - Chicago soybean futures rallied for a third straight session on Thursday, tracking gains in soyoil prices after crude oil recovered while investors wrestled with the disruption caused by military conflict in the Middle East.</p>
<p>Wheat and corn also gained.</p>
<h3>FUNDAMENTALS</h3>
<ul>
<li>The most-active soybean contract on the Chicago Board of Trade (CBOT)  (Sv1)  added 0.7% to $12.22-1⁄2 a bushel by 0230 GMT. Soyoil  (BOcv1)  gained 0.7% to 67.61 cents per pound.</li>
<li>CBOT wheat  (Wv1)  gained 0.9% to $5.99 -1⁄2 a bushel. Corn (Cv1)  climbed 0.5 at $4.62-3⁄4 a bushel.</li>
<li>Oil prices climbed on Thursday after Iraqi security officials said Iranian explosive-laden boats had hit two fuel oil tankers amid other global supply disruptions from the U.S.-Israeli war on Iran.</li>
</ul>
<p>*Higher crude prices can support soybeans as soyoil is widely used to produce biodiesel fuel. (O/R)  *In South America, Cargill has paused soybean exports from Brazil to China after Brazilian government inspection changes made it difficult for traders to comply, the company said on Wednesday.</p>
<p>*Brazil’s Agriculture Ministry adopted a stricter sanitary evaluation on soybeans bound for China to check for pests and weeds after a request from the Chinese government, the company said.</p>
<p>*China is the biggest client of Brazilian soybeans, buying around 80% of the beans the South American country exports. Brazil is the world’s largest producer and exporter of the oilseed.</p>
<p>*Investors are also beginning to adjust their positions in the hopes that there is a breakthrough in upcoming trade talks between the United States and top soy importer China.</p>
<h3>MARKETS</h3>
<p>Shares fell in Asia on Thursday as oil prices jumped on reports that more ships had been struck in the Strait of Hormuz and in Iraqi waters, fuelling inflation and pushing borrowing costs higher worldwide.  (MKTS/GLOB)</p>
<h3>DATA/EVENTS</h3>
<p>1230 US Housing Starts Number Jan</p>
<p>1230 US International Trade $ Jan</p>
<p>1230 US Initial Jobless Clm 7 Mar, w/e</p>

CORN

VEGI

SOYB

FTAG

WEAT

Reuters

United States Oil Fund LP

Invesco DB Agriculture FD ETF

Teucrium Corn Fd

VanEck Agribusiness ETF

iShares MSCI Agriculture Producers ETF

Teucrium Soybean

First Trust Indxx Global Agri

Teucrium Wheat

GRAINS-Chicago soybeans continue gains on rising soyoil prices