CBOT soybeans end up on hopes for thaw in US-China trade war

CHICAGO, May 2 (Reuters) - Chicago Board of Trade soybean futures closed higher on Friday on hopes for an easing of U.S. trade tensions with China, the world's biggest importer of the oilseed, analysts said.

• Beijing is "evaluating" an offer from Washington to hold talks over U.S. President Donald Trump's crippling tariffs, China's Commerce Ministry said, signaling a potential de-escalation in the trade war that has roiled global markets.

• The soy market Sv1 extended gains after ending higher on Thursday in a turnaround from a two-week low in the most-active contract.

• Technical buying and strength in CBOT soymeal helped to support Friday's gains, brokers said. Some traders also bought soybeans and sold corn in spread trades, they added.

• CBOT July soybeans SN25 closed up 7-3/4 cents at $10.58 per bushel.

• CBOT July soyoil BON25 finished down 0.27 cent at 49.43 cents per pound, and July soymeal SMN25 rose $2.60 to $296.9 per short ton.