CBOT soybean futures tick higher on bargain-buying
CHICAGO, June 4 (Reuters) - Chicago Board of Trade soybean futures ended higher on Wednesday for a second session on bargain-buying after the benchmark July contract SN25 fell to a seven-week low at the start of the week, traders said.
CBOT July soybeans SN25 settled up 4-1/4 cents at $10.45 per bushel.
CBOT July soymeal SMN25 ended up $2.60 at $297.01 per short ton while July soyoil BON25 settled unchanged at 46.81 cents per pound.
Rallies were capped by benign U.S. crop weather as farmers wrap up planting. The 2025 soybean crop was 84% seeded as of June 1, ahead of the five-year average of 80%, according to the U.S. Department of Agriculture.
Ahead of the USDA's weekly export sales report on Thursday, analysts expected the government to report sales of U.S. old-crop soybeans in the week ended May 29 at 100,000 to 500,000 metric tons.
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