CBOT soybeans end higher on trade war de-escalation hopes

CHICAGO, April 23 (Reuters) - Chicago Board of Trade soybean futures were up on Wednesday as investors anticipated a possible easing in trade tensions between the U.S. and China.

• CBOT July soybeans SN25 settled up 4-1/4 cents at $10.50-1/4 per bushel.

• CBOT July soymeal SMN25 ended down $0.90 at $298.60 per short ton.

• CBOT July soyoil BON25 finished up 0.31 cent at 48.34 cents per pound.

• Soybeans gained strength as wider financial markets calmed after U.S. President Donald Trump said he had no plans to fire the head of the Federal Reserve after slamming him the previous day over interest rates, and hinted at lower China tariffs.

• Reports that U.S. Treasury Secretary Scott Bessent told people at a private meeting that the U.S. trade war with China would not last gave soybean futures a boost, according to analysts.