Soyabean futures end higher

Soyabean futures at the Chicago Board of Trade ended higher on Friday after bouncing up and down throughout the session on a mild recovery from Thursday's sell-off, traders said.
"Nothing has really changed since yesterday. It seems like the lack of news helped the market recover," one cash-connected trader said.
CBOT soyabeans ended 3 to 7 cents a bushel higher. March posted the biggest jump, up 7 cents at $8.29 after closing 16 cents lower on Thursday.
"This was definitely the most tentative trading day of the week," one CBOT floor trader said. Early in the session, the market came under pressure from positioning before the three-day US holiday weekend.
But it bounced back strong by the close, with commodity funds ending the day about even. Unwinding of December corn/November soyabean spreads put on after USDA's crop report on Tuesday lifted the November contract at one point in the session.
Corn was rallied in the week when USDA estimated US corn stocks at an eight-year low.
Commercials also spread November/July beans and were outright buyers of November all moves that helped underpin November.
There were no new cases of bird flu reported in the United States on Friday, helping to stabilise the market.
But the market remains edgy how bird flu will impact protein demand amid the spread of bird flu in Asia and the United States. The US strain of bird flu, which is devastating to commercial chicken flocks but not harmful to humans, has been found in three states.
The H7 strain in the United States is different from the H5N1 virus in Asia that has killed at least 19 people.
The poultry trade is being disrupted as more than a dozen countries have imposed bans on imports of some or all US poultry.
CBOT soyameal futures staged a late recovery after a week of sluggish trade.
Meal has been under the greatest pressure from the fallout of bird flu in Asia and the United States. Soyameal ended $3.40 to $1.90 per ton higher, with March up $3.40 at $246.50.
Soyaoil futures ended mostly lower on a profit-taking setback after this week's climb to a 15-1/2 year high. The market remains underpinned by strong demand for global vegetable oil.
Malaysian palm oil futures closed firm overnight. Estimated soyabean and soyameal volume was on the lighter side. Soyabean trade was pegged at 44,117 futures and 16,649 options.
Soyameal volume was seen at 19,036 futures and 3,468 options. In soyaoil, volume was moderate estimated at 24,760 futures and 2,902 options.
CBOT markets will be closed on Monday for Presidents Day. Screen-based e-cbot trade will reopen on Monday night.