CBOT soybeans gain strength ahead of USDA report

CHICAGO, Sept 11 (Reuters) - Chicago Board of Trade soybean futures increased on Thursday after a two-day decline as traders squared positions before a government crop report on Friday that will include closely watched U.S. corn and soybean harvest forecasts.

• The USDA is expected to trim its U.S. soybean yield forecast in its monthly report on Friday to 53.3 bushels per acre, down from 53.6 bpa a month earlier, according to a Reuters poll of analysts. But they expect the USDA to forecast a 4.271 billion-bushel crop, which would be among the largest-ever U.S. harvests.

• U.S. farmers are missing out on billions of dollars in soybean sales to China halfway through their prime marketing season, as stalled trade talks halt exports and rival South American suppliers step in to fill the gap, traders and analysts said.

• The USDA reported export sales of U.S. 2025/26 soybeans in the week to September 4 at 541,100 metric tons, toward the low end of trade expectations, with 767,000 tons carried over from the 2024/25 marketing year. EXP/SOY

• Brazilian government crop agency Conab raised its estimate of the country's 2024/25 soybean harvest to a record 171.47 million metric tons from its previous estimate of 169.65 million.

• CBOT November soybeans SX25 rose 8-1/4 cents to $10.33-1/2 a bushel.

• CBOT December soymeal SMZ25 settled $1.90 higher at $287.70 per short ton.

• CBOT December soyoil BOZ25 ended 0.59 cent higher at 51.6 cents per pound.