CBOT soybeans rise on US-China trade optimism

CHICAGO, June 6 (Reuters) - Chicago Board of Trade soybean futures closed higher on Friday on optimism about U.S. trade relations with top global soy buyer China after leaders of the two countries spoke and agreed to further discussions, and as soyoil futures climbed 1.8% to a one-week top, traders said.

• Three of President Donald Trump's top aides will face their Chinese counterparts for talks in London on Monday to resolve a trade dispute between the world's two largest economies, Trump said in a post on his Truth Social platform.

• CBOT July soybeans SN25 settled up 5-1/2 cents, or 0.5%, at $10.57-1/4 per bushel.

• CBOT July soymeal SMN25 ended down $1.40, or 0.5%, at $295.70 per short ton while July soyoil BON25 rose 0.85 cent, or 1.8%, to finish at 47.50 cents per pound after notching a one-week high at 47.72 cents.

• Soyoil, a feedstock for biodiesel fuel, drew support from a $1-per-barrel jump in crude oil CLc1 futures and optimism about demand for U.S. biofuels. O/R

• Argentina's soybean yields continue to track higher than expected this season, the Rosario grains exchange said on Thursday, although the harvest is progressing slower than usual.

• China has allowed the import of rapeseed meal and soybean meal from Uruguay, effective immediately,Beijing's customs department said, as it moves to diversify food supplies and strengthen food security.