CBOT soybean futures end higher as trade tensions ease

CHICAGO, March 6 (Reuters) - Chicago Board of Trade soybean futures rose on Thursday as trade tensions cooled after U.S. President Donald Trump temporarily exempted goods from Mexico from steep tariffs that he had imposed this week.

• Mexico was the No. 2 buyer of U.S. soybeans in 2024 after China, and Trump's tariff threats had raised fears of trade disruptions, sending grain and soy futures tumbling early this week.

• CBOT May soybeans SK25 settled up 15-1/2 cents on Thursday at $10.27-1/4 per bushel.

• CBOT May soymeal SMK25 ended up $5.10 at $304.90 per short ton and May soyoil BOK25 rose 0.18 cent to finish at 43.17 cents per pound.

• A softer dollar .DXY added to bullish sentiment in CBOT soy and grain futures, in theory making U.S. goods move attractive to those holding other currencies.

• The U.S. Department of Agriculture reported export sales of U.S. old-crop soybeans in the week ended February 27 at 352,900 metric tons, toward the low end of trade expectations for 300,000 to 550,000 tons. EXP/SOY

• Weekly U.S. soyoil export sales totaled 54,800 tons, topping trade expectations. EXP/SOO

• Separately, under its daily reporting rules, the USDA confirmed private sales of 20,000 tons of U.S. soyoil for delivery to undisclosed destinations, the second such sale confirmed this week.

• A conveyor belt system collapsed at a grain terminal at the northern Brazil port of Barcarena, trade sources said, suspending grain shipments.