CBOT soybeans end higher in rebound from 3-month lows

CHICAGO, July 10 (Reuters) - Chicago Board of Trade soybean futures closed higher on Thursday, rebounding from three-month lows near $10 a bushel as traders squared positions ahead of monthly U.S. crop supply/demand reports due Friday, while favorable Midwest weather capped rallies, brokers said.

• CBOT August soybeans SQ25 settled up 3-1/2 cents at $10.12-1/2 per bushel, bouncing after a dip to $10.01-3/4.

• New-crop November soybeans SX25 ended up 6-1/2 cents at $10.13-3/4 a bushel after falling to $10.02-1/4, the contract's lowest since mid-April.

• CBOT soymeal futures closed higher, consolidating after most contract months set life-of-contract lows. August soymeal SMQ25 finished up $2 at $271.40 per short ton after notching a contract low at $267.60.

• CBOT August soyoil BOQ25 rose 0.20 cent to settle at 53.49 cents per pound.

• The U.S. Department of Agriculture reported export sales of U.S. old-crop soybeans in the week ended July 3 at 503,000 metric tons and weekly new-crop sales of 248,400 tons, in line with trade expectations. EXP/SOY

• Ahead of Friday's monthly USDA supply/demand reports, analysts surveyed by Reuters on average expected the government to raise its forecasts of U.S. soybean inventories remaining at the end of the 2024/25 and 2025/26 marketing years.

• Brazilian government crop supply agency Conab estimated the country's 2024/25 soybean harvest at 169.5 million tons, compared with its month-ago estimate of 169.60 million