CBOT soybeans gain on demand uptick, weak dollar

CHICAGO, March 13 (Reuters) - Chicago Board of Trade soybean futures rose on Thursday as strong weekly export sales, lower estimates for Argentina's soy crop and a weak dollar supported prices.

• CBOT May soybeans SK25 settled up 10-1/4 cents at $10.10-3/4 per bushel.

• CBOT May soymeal SMK25 ended up $6.9 to $307.1 per short ton.

• CBOT May soyoil BOK25 fell 0.40 cent to finish at 41.28 cents per pound.

• Argentina's Rosario Grains Exchange lowered its outlooks for the nation's 2024-25 harvest on Wednesday, adding support to U.S soy futures.

• Soybean futures also received a boost from higher-than-expected weekly U.S. soybean export sales. However, expectations for a massive soybean harvest in top-supplier Brazil continued to hang over futures.

• Weekly U.S. soybean export sales of 751,700 metric tons for 2024-25 beat analysts' estimates for 275,000 to 700,000 metric tons.

• Weekly 2024-25 U.S. soymeal export sales fell short of analysts' expectations at 184,800 metric tons, while soyoil export sales of 68,500 metric tons were within expectations.

• Expectations for a massive soybean harvest in top-supplier Brazil hang over futures. Brazilian crop agency Conab raised its production forecast from February.