CBOT soybeans hit two-week low on US-China trade war concerns

CHICAGO, April 30 (Reuters) - Chicago Board of Trade soybean futures closed lower on Wednesday after touching a two-week low as U.S. President Donald Trump's trade war with China fueled concerns about export demand, analysts said.

• China is the world's biggest soybean importer.

• The nation will strive to stabilize the production and supply of key agricultural products and enhance regulatory measures to stabilizes market expectations, the Chinese agriculture ministry said.

• The U.S. Department of Agriculture is slated to report weekly U.S. grain and soybean export sales on Thursday. Analysts expect 2024-25 soybean sales of 150,000-600,000 metric tons.

• Another USDA report due on Thursday is expected to show that U.S. soybean processors crushed 6.165 million short tons of the oilseed in March, while soyoil stocks were estimated to have swelled to an eight-month high, according to a Reuters survey of analysts.

• In Argentina, the world's largest exporter of soyoil and soymeal, farmers on Tuesday made the biggest single-day sales of soybeans this year, the Rosario grains exchange said.

• CBOT July soybeans SN25 closed down 8-1/4 cents at $10.44-1/2 per bushel and reached their lowest price since April 16.

• CBOT July soyoil BON25 ended down 0.36 cent at 48.97 cents per pound, and July soymeal SMN25 slipped $0.20 to $298 per short ton.