CBOT soybeans end lower on demand concerns

CHICAGO, Aug 5 (Reuters) - Chicago Board of Trade soybean futures ended lower after chopping up and down on Tuesday, supported by larger-than-expected weekly U.S. export inspections, though a lack of Chinese demand weighed on the market

• The U.S. Department of Agriculture rated 69% of the soybean crop in good or excellent condition on Monday, a five-year high but slightly down compared to 70% last week.

• The USDA reported export inspections of soybeans in the week ended July 31 at 612,539 metric tons, above trade expectations for 250,000 to 460,000 metric tons.

• Archer-Daniels-Midland ADM.N posted its lowest second-quarter profit in five years on Tuesday as U.S. trade upheaval and uncertainty around biofuel policies slowed sales and crimped trading and crop processing margins.

• But ADM forecast a better operating climate later this year as recent government proposals to increase biofuel use and support domestic feedstocks were poised to boost crop processing margins and sales, sending shares up as much as 5.3%.

• CBOT November soybeans SX25 settled down 3-3/4 cents to $9.90-3/4 per bushel.

• CBOT September soymeal SMU25 ended unchanged at $277 per short ton.

• CBOT September soyoil BOU25 ended 0.63 cent lower at 53.77 cents per pound.