CBOT soybeans close slightly firmer as Argentina reimposes export taxes

CHICAGO, Sept 25 (Reuters) - Chicago Board of Trade soybean futures finished slightly higher on Thursday as Argentina reimposed export taxes after a temporary suspension increased competition for global export sales.

• Argentina reimplemented export taxes on grains and their by-products after suspending them for two days.

• After Buenos Aires suspended taxes on Monday, Chinese buyers booked about 20 cargoes, or roughly 1.3 million tons, of Argentine soybeans, traders said on Wednesday. The deals were a setback to U.S. farmers already shut out of their biggest market and hit by low prices.

• Argentina's declared soy exports for the 2024/25 season hit a seven-year high after the brief pause in export taxes.

• Top importer China has yet to book any of the current U.S. soybean crop during its trade war with Washington.

• The U.S. Department of Agriculture reported net U.S. soybean export sales were 724,500 metric tons for 2025/26 in the week that ended on September 18. Analysts expected 600,000 to 1.6 million metric tons.

• CBOT November soybeans SX25 settled 3-1/4 cents higher at $10.12-1/4 per bushel.

• The most-active contract Sv1 set a six-week low of $10.05 on Tuesday.

• CBOT December soymeal SMZ25 ended $2.90 lower at $273.20 per short ton. CBOT December soyoil BOZ25 rose 0.43 cent to 50.27 cents per pound.