CBOT soybeans end higher in turnaround from earlier losses

CHICAGO, May 1 (Reuters) - Chicago Board of Trade soybean futures closed higher on Thursday as the market rebounded from a two-week low.

• Technical buying helped to support the gains, brokers said.

• CBOT July soybeans SN25 closed up 5-3/4 cents at $10.50-1/4 per bushel after falling earlier to a two-week low of $10.36-3/4 per bushel.

• CBOT July soyoil BON25 finished up 0.73 cent at 49.7 cents per pound, and July soymeal SMN25 fell $3.70 to $294.3 per short ton.

• After trading ended, the U.S. Department of Agriculture said processors in March crushed 6.2 million tons, or 206.6 million bushels, of U.S. soybeans. Analysts on average expected 6.165 million short tons, or 205.5 million bushels, according to a Reuters survey.

• Weekly U.S. soybean export sales were 428,200 metric tons for 2024-25, up 27% from the prior four-week average, according to USDA. Analysts expected 150,000 to 600,000 metric tons.

• Traders remain concerned about American soy sales to top-importer China due to U.S. President Donald Trump's trade war with Beijing.

• The United States has approached China seeking talks over Trump's 145% tariffs, a social media account affiliated with Chinese state media said, potentially signaling Beijing's openness to negotiations.