CBOT soybeans futures see choppy trading day, end session higher

CHICAGO, March 28 (Reuters) - Chicago Board of Trade soybean futures fell for most of the session on Friday, before ending higher on the day on a flurry of bargain-buying and fundamental trading ahead of a key government planting report, market analysts said.

• CBOT May soybeans SK25 settled up 6-1/4 cents to $10.23 per bushel.

• The most-active soybean contract on a continuous basis Sv1 ended the week higher, the first weekly rise since mid-February.

• CBOT May soymeal SMK25 closed $1.00 lower at $293.50 per short ton and May soyoil BOK25 rose 0.89-cent to 45.16 cents per pound.

• Earlier in the day, soybeans futures fell under pressure from a bumper Brazilian soybean crop while the previous day's rally in soyoil petered out.

• Brazil's farmers are expected to reap a record 172.1 million metric tons of soybeans in the 2024/2025 season, consultancy Agroconsult forecast on Thursday, putting attention back on a bumper crop in the top soybean exporter.

• But traders said that later in the session, prices fell low enough to get them to focus back on this week's news that the Trump administration asked oil and biofuels producers to hash out a deal on the next phase of the nation's biofuels.

• Traders said they also spent part of Friday adjusting their positions ahead of the U.S. Department of Agriculture's planting intentions report, due March 31.

• The report is expected to show U.S. farmers planning to plant 83.762 million acres of soybeans this year, down from 87.050 million acres planted in 2024, according to a Reuters poll of analysts.