CHICAGO, Aug 28 (Reuters) - Chicago Board of Trade soybean futures came under pressure but ended higher on Thursday, though a lack of Chinese demand for the U.S. oilseed continued to weigh on the market.
U.S. farmers are on track to harvest the nation's biggest corn crop in history this autumn, as well as a bumper soybean crop. Despite decent export sales, China's absence in the market has kept a ceiling on soybean futures.
However, senior Chinese trade negotiator Li Chenggang is expected to travel to Washington this week to meet U.S. officials for trade talks, a U.S. government spokesperson said.
The USDA reported weekly export sales of soybeans at 1,183,400 metric tons.
CBOT November soybeans SX25 settled 1/2 cent higher at $10.48 per bushel.
CBOT December soyoil SMZ25 ended 0.72 cent lower at 52.43 cents per pound.
CBOT December soymeal BOZ25 ended 90 cents lower at $287.30.