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335289

CBOT soybeans finish higher as stock market rallies

CHICAGO, Oct 28 (Reuters) - Chicago Board of Trade soybean futures closed stronger on Friday amid spillover support from strong gains in outside markets, analysts said. * November soybean futures ended 5-1/2 cents higher at $13.87-3/4 a bushel, and January soybeans jumped 6-3/4 cents to end at $14.00-1/4. * CBOT December soymeal finished $10 stronger at $425.40 a ton, while CBOT December soyoil slid 0.51 cent to settle at 71.79 cents per lb. * A robust, broad-based rally sent Wall Street stocks surging, as encouraging economic data and a rosier earnings outlook buoyed investor risk appetite. * Exporters sold 126,000 tonnes of U.S. soybeans to China and 198,000 tonnes of U.S. soybeans to Spain for delivery during the 2022/23 marketing year, the USDA said. The agency last confirmed sales in its daily reporting system on Oct. 20. (Reporting by Tom Polansek in Chicago Editing by Matthew Lewis)

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