CBOT soybeans end higher after choppy day
CHICAGO, Aug 26 (Reuters) - Chicago Board of Trade soybean futures chopped up and down but ended higher on Tuesday on technical trading, though expectations of a good U.S. soybean crop kept supply in focus.
The U.S. Department of Agriculture raised its good-to-excellent rating for the nation's soybean crop.
The USDA increased the soybean crop rating to 69% good to excellent from 68% a week earlier, instead of lowering the rating to 67% as analysts had projected.
Expectations of higher U.S. output come as China continues to remain away from the market amid Washington-Beijing trade tensions.
CBOT November soybeans SX25 settled 1-3/4 cents higher at $10.49-1/2 per bushel.
CBOT December soymeal SMZ25 ended $2.40 higher at $293.30 per short ton.
CBOT December soyoil BOZ25 ended 1.39 cents lower at 53.48 cents per pound.
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