CHICAGO: Chicago Board of Trade soybean futures ended higher on technical buying on Wednesday in a recovery from six-week lows reached earlier in the session, traders said.
* CBOT November soybeans ended up 5-1/2 cents at $8.39 a bushel.
* The front month contract turned higher after hitting its lowest price since Sept. 20.
* CBOT December soymeal ended up $1.30 at $306.40 per ton, and December soyoil rose 0.02 cent to 28.02 cents per pound.
* Month-end positioning helped lift soy futures, traders said.
* Uncertainty about soy exports continued to hang over the market, as China, the world's top importer of the oilseed, has nearly halted purchases from the United States due to the trade war between Washington and Beijing.
* Soren Schroder, chief executive officer of global grain merchant Bunge Ltd, said he expected a small cut in China's year-on-year soy imports due to the trade dispute.
* China also may not need to revert to buying US soybeans before the next South American crop is available, Schroder said.
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