SYDNEY, June 5 (Reuters) - U.S. soybeans edged higher on Friday to hold near a two-month peak as signs of strong export demand pushed the oilseed towards weekly gains of more than 3%.
* The most active soybean futures on the Chicago Board Of Trade up nearly 3.5% so far this week, poised for the biggest weekly gain since last October.
* Soybeans up 0.1% at $8.69 a bushel by 0126 GMT, having firmed 1.2% on Friday when prices hit a April 1 high of $8.73-1/4 a bushel.
* The most active corn futures up nearly 1% for the week, set for a second straight weekly gain.
* The most active wheat futures jumped 1% so far this week, on track for the third weekly rally.
* The U.S. Department of Agriculture for the second day in a row confirmed sales of U.S. soybeans to unknown destinations.
* Traders have said that China was the likely buyer both times, despite rising political tensions between Beijing and Washington.
* The weekly U.S. Drought Monitor showed moderate drought across 27% of Kansas, the top U.S. wheat state.
* The euro held big gains on Friday after the European Central Bank expanded its stimulus more than expected to prop up an economy dealing with its worst recession since World War Two.
* Oil prices eased slightly on Friday as markets await to see whether major producers will commit to an extension of record production cuts to support oil prices.
* The S&P 500 lost ground on Thursday as investors took profits in advance of Friday’s jobs report, ending a four-day rally driven by rising economic sentiment.
Reporting by Colin Packham, Editing by Sherry Jacob-Phillips