Chicago Board of Trade soyabean futures jumped about 1.3 percent on Friday, rebounding from an earlier four-month low as dealers took profits on short positions, traders said. US Department of Agriculture data released during the session forecasting smaller US soya production and decreased exports came in largely within the range of analyst expectations.

Despite the relatively steep gains, soyabeans still declined about 0.9 percent for the week, as outlooks for a big Brazilian harvest and plentiful global supplies continued to anchor prices. Soyameal futures were higher and soyaoil narrowly lower in meal-oil spreading.

Copyright Reuters, 2018