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334536

CBOT soybeans close firm on bargain-buying bounce

CHICAGO, Oct 7 (Reuters) - Chicago Board of Trade soybean futures rose on Friday, with a round of bargain buying and end-of-week short-covering pushing prices higher, traders said. * Strength in the crude oil market added support. * The benchmark CBOT November soybean futures contract settled up 9 cents at $13.67 a bushel. * November soybeans weakened early in the session but found technical support just above Thursday's bottom of $13.50 a bushel, which was the lowest for the most-active soybean futures contract since July 25. * CBOT December soymeal was up $7.30 at $400.70 a ton and CBOT December soyoil gained 0.58 cent to 66.6 cents per lb. * For the week, soybeans gained 0.2%, soymeal was down 0.6% and soyoil jumped 8.3%. * Oil rose about 3% to a five-week high on Friday, carried higher again by an OPEC+ decision this week to make its largest supply cut since 2020. (Reporting by Mark Weinraub; Editing by Mark Porter)

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