CBOT soybean futures recover from three-month lows

CHICAGO, Jan 14 (Reuters) - Chicago Board of Trade soybean futures steadied on a technical bounce on Wednesday after sliding to their lowest since October this week, with traders weighing larger-than-anticipated U.S. supply forecasts, Chinese demand and crop prospects in South America.

• In a series of crop reports, the U.S. Department of Agriculture estimated the last U.S. soybean harvest was larger than many traders and analysts had expected. It also cut its U.S. export outlook and raised its estimate for Brazil's harvest.

• The soybean market nonetheless found some support in ongoing demand from China, as Beijing books U.S. supplies under a trade truce with Washington agreed in late October. Still, an expected record harvest in Brazil may soon dent Chinese demand for U.S. soybeans.

• China's state stockpiler Sinograin sold all 1.1 million metric tons of soybeans offered at its fourth auction since December on Tuesday, traders said, as it moves to draw down inventories ahead of incoming U.S. shipments.

• CBOT March soybeans SH26 settled 3-3/4 cents higher at $10.42-1/2 per bushel.

• CBOT March soymeal SMH26 rose 30 cents to settle at $291.90 per short ton.

• CBOT March soyoil BOH26 fell 0.22 cent to close at 50.98 cents per pound.