CBOT soybeans up ahead of US-China trade talks

CHICAGO, May 9 (Reuters) - Chicago Board of Trade soybean futures bounced on Friday as traders covered short positions ahead of Saturday's meeting between senior U.S. and Chinese officials that could contain a trade war between the world's two biggest economies.

• The weekend U.S.-China trade talks in Geneva have been described by White House officials as a step towards de-escalating tensions with China.

• The soybean market has been particularly sensitive to the tariff stand-off between China, the world's biggest soybean importer, and the United States, the world's second-largest exporter of the oilseed.

• Exporters sold 120,000 metric tons of soybeans to Pakistan for 2025/26 delivery, the U.S. Department of Agriculture reported.

• Traders were also positioning ahead of the U.S. Department of Agriculture world crop report on Monday that will include its first supply and demand balance sheets for 2025–26.

• CBOT July soybeans SN25 rose 6-3/4 cents to $10.51-3/4 per bushel.

• CBOT July soyoil BON25 rose 0.12 cent to 48.57 cents per pound, and July soymeal SMN25 fell 60 cents to $294.10 per short ton.