CBOT soybeans inch higher on technical buying

CHICAGO, Dec 4 (Reuters) - Chicago Board of Trade soybean futures closed higher on Thursday in a technical rebound as traders awaited more indications about Chinese purchases of U.S. soy.

• CBOT January soybeans SF26 settled up 3-3/4 cents at $11.19-1/2 per bushel, bouncing after hitting a two-week low at $11.14.

• CBOT January soymeal SMF26 ended down 10 cents at $311.20 per short ton while January soyoil BOF26 rose, finishing up 0.12 cent at 51.79 cents per pound.

• In a backdated weekly report, the U.S. Department of Agriculture reported net export sales of U.S. soybeans in the week ended October 30 at 1,248,500 metric tons, in line with analyst estimates. The tally included 232,000 tons sold to China, the country's first purchases of the 2025 harvest. EXP/SOY

• The USDA has made no announcements of U.S. soybean sales under its daily reporting rules since November 28.

• U.S. Treasury Secretary Scott Bessent on Wednesday said China was poised to complete its commitments under a U.S.-China trade agreement, including the purchase of 12 million metric tons of soybeans, which the Treasury chief said would be finished by the end of February 2026.

• Statistics Canada said the country's canola production in 2025 jumped 13.3% to 21.804 million metric tons, above the average trade estimate for 21.25 million tons.