CBOT soybeans tick up weather concerns in Argentina, recent dollar weakness

CHICAGO, Jan 28 (Reuters) - Chicago Board of Trade soybean futures closed up on Wednesday with recent dollar weakness making U.S. exports more competitive, but pressure from the early stages of a massive Brazilian soy harvest hung over the market. Weather fears in Argentina added support.

• In South America, intense hot and dry weather has hit Argentina, threatening crop production in the world's leading exporter of soy meal and soy oil and the third-largest supplier of corn.

• Brazil is in the early stages of harvesting what is forecast to be a record soybean crop. Traders expect China to turn mainly to Brazil for imports in the coming months after a recent wave of U.S. soybean purchases.

• CBOT March soybeans SH26 settled up 7-3/4 cents at $10.75-3/4 a bushel.

• CBOT March soymeal SMH26 closed up $3.80 at $297.80 per short ton.

• CBOT March soyoil BOH26 fell 0.10 cents to end at 54.31 cents per pound.