CBOT soybeans tick higher on hopes for Chinese purchases

CHICAGO, Nov 5 (Reuters) - Chicago Board of Trade soybean futures rose on Wednesday, recovering some of the previous session's losses as Beijing's confirmation it was cutting tariffs on U.S. farm goods put attention back on a trade truce between the countries.

• U.S. officials have said Beijing has pledged to buy tens of millions of metric tons of U.S. beans, including 12 million over November and December, under last week's trade truce.

• China will suspend retaliatory tariffs on U.S. imports following last week's meeting of their two leaders, Beijing confirmed on Wednesday, but imports of U.S. soybeans will still face a 13% tariff.

• The suspension of the U.S. Department of Agriculture's flash export sales reports, which usually track large export volumes, amid an ongoing government shutdown has also made it harder for market participants to confirm any sales to China.

• Strong South American soybean exports lifted results in Bunge's soybean processing and refining segment after bumper harvests in Argentina and Brazil and as top soy importer China shunned U.S. supplies due to trade tensions. The robust South American program shielded Bunge, a top exporter in the region, from slumping U.S. soybean exports.

• CBOT January soybeans SF26 closed 12-3/4 cents higher to end at $11.34-1/4 per bushel.

• CBOT December soymeal SMZ25 ended $7.40 higher at $324.80 per short ton.

• CBOT December soyoil BOZ25 finished 0.16 cent higher at 49.69 cents per pound.