CBOT soybeans finish lower on beneficial US weather, trade jitters

CHICAGO, July 7 (Reuters) - Chicago Board of Trade soybean futures ended lower on Monday on forecasts for beneficial U.S. crop weather and disappointment over trade disputes, traders said.

• Favorable U.S. weather and expectations for a bumper harvest in Brazil have kept a lid on prices recently.

• Analysts predicted that a U.S. Department of Agriculture report on Monday will rate 66% of the nation's soybean crop as good to excellent, unchanged from last week and the highest since 2020, according to a Reuters poll.

• Futures also weakened after U.S. President Donald Trump did not announce a trade agreement with China, as some traders had expected before markets closed for the Independence Day holiday on Friday. China is the world's biggest soybean importer.

• Grain trader Bunge BG.N has chartered 30,000 metric tons of Argentine soybean meal cargo destined for China, data showed, marking the first such soymeal cargo since Beijing approved Argentine imports in 2019.

• CBOT November soybeans SX25 ended down 28-1/2 cents at $10.20-3/4 a bushel.

• CBOT August soymeal SMQ25 closed down $5.20 at $272.20 per short ton. August soyoil BOQ25 finished down 0.61 cent at 53.94 cents per pound.