* Soybeans face biggest weekly drop since August 2019
* Corn set for biggest weekly loss in more than 4 months
* Wheat poised for 3rd straight weekly fall (Recasts with recovery in markets, changes milestones, updates prices)
SINGAPORE, March 13 (Reuters) - Chicago soybean futures edged higher on Friday as global markets recovered on hopes of stimulus although the oilseed was on track for its biggest weekly drop since August on worries over the economic damage from the coronavirus.
Corn faced its biggest weekly drop in more than 4 months, while wheat was poised for a third week of losses.
Stocks plunged on Friday as coronavirus panic selling hit nearly every asset class, before finding some kind of floor as hopes turned to a U.S. stimulus package.
The most-active soybean contract on the Chicago Board of Trade was up 0.2% to $8.60-3/4, after dropping earlier in the session to its lowest since May 28 at 8.45-1/4 a bushel.
The market has given up more than 3% this week, the biggest drop since August.
Corn added 0.3% to $3.66-3/4 a bushel while wheat gave up 0.2% to $5.04-3/4 a bushel. For the week, corn has lost more than 2%, the most since November and wheat was down 2.1%.
U.S. lawmakers and the White House neared agreement on a coronavirus economic aid package, House Speaker Nancy Pelosi said on Thursday, adding she hoped to announce a deal on Friday.
Global markets suffered record falls on Thursday as alarm over the coronavirus intensified, and governments from Ireland to Fiji unveiled new measures to try to slow the spread of a disease that has infected more than 127,000 people worldwide.
Argentina's 2019/20 soybean harvest is expected at 52 million tonnes, the Buenos Aires Grains Exchange said in its weekly crop report on Thursday, citing dry weather as the reason for cutting its previous 54.5 million tonne forecast.
Consultancy Strategie Grains on Thursday raised its estimate for European Union soft wheat exports this season to take account of large sales from Germany, although French exports were revised lower as they lost competitiveness.
The U.S. Department of Agriculture (USDA) reported export sales of old-crop corn in the week to March 5 at nearly 1.5 million tonnes, above analyst expectations.
U.S. export sales of pork to China hit their lowest on record in the week ended March 5 even as access to ports improved in the world's top consumer of pork, the USDA said.
Commodity funds were net sellers of CBOT corn, soybean, soyoil and wheat futures contracts on Thursday and net buyers of soymeal futures, traders said. (Reporting by Naveen Thukral; Editing by Subhranshu Sahu and David Evans)