CBOT soybeans ease after Chinese buying sparks rally

CHICAGO, Nov 18 (Reuters) - Chicago Board of Trade soybean futures ended lower on Tuesday as the market pulled back after rallying to its highest level since June 2024 on U.S. sales to China, analysts said.

• Prices eased after traders on Monday began factoring Chinese demand into the market, analysts said.

• Traders told Reuters on Monday that Chinese state-owned grain trader COFCO bought around 840,000 metric tons for shipment in December and January.

• The U.S. Department of Agriculture on Tuesday confirmed exporters sold 792,000 metric tons to China.

• CBOT January soybeans SF26 ended down 3-3/4 cents at $11.53-1/2 per bushel. The most-active contract Sv1 earlier reached $11.69-1/2.

• CBOT December soymeal SMZ25 closed $3.80 lower at $327 per short ton after rising on Monday to its highest level since February.

• CBOT December soyoil BOZ25 ended up 1.03 cents at 52.17 cents per pound.