CBOT soybeans close lower on weak export demand, harvest pressure

CHICAGO, Sept 30 (Reuters) - Chicago Board of Trade soybean futures ticked lower on weak export demand as China remains absent as a buyer and the ongoing U.S. harvest adds pressure.

• CBOT November soybeans SX25 settled down 8-3/4 cents at $10.01-3/4 per bushel.

• CBOT December soymeal SMZ25 ended $2.10 lower at $273.30 per short ton while December soyoil BOZ25 fell 0.20 cent to finish at 49.49 cents per pound.

• Warm and dry weather over the U.S. Midwest promoted harvest progress over the weekend, and forecasts called for more of the same this week.

• The U.S. Department of Agriculture reported that there were 316 million bushels of soybeans in storage as of September 1, compared with 342 million a year ago, according to its quarterly stocks report. Analysts expected 323 million bushels.

• The U.S. soybean harvest was 19% complete as of Sunday, according to the USDA.

• U.S. soybean stocks eased due to strong demand from domestic crushers, analysts said.