Chicago Board of Trade soyabean futures rose on Thursday, following a 1.7% rally in the soyameal market, traders said.
Soyameal's run-up to a near two-week high stemmed from concerns about tightening global supplies after Argentine soya crusher Vicentin said "financial stress" was affecting the company.
The company is struggling to repay over $350 million in debt and seeking to restructure its obligations, a source close to the firm said.
Soyabeans also were supported by news from the US Agriculture Department that private exporters reported the sale of 245,000 tonnes of soyabeans to unknown destinations. It was the first flash sale in three weeks.
But bearish weekly USDA data and conflicting signals about US-China trade negotiations kept the soyabean gains in check.
Weekly export sales of soyabeans totaled 683,800 tonnes, a six-week low that fell below market forecasts.
US President Donald Trump said the United States is having meetings and discussions with China right now that are going well.
The Chinese commerce ministry said that tariffs must be cut if China and the United States are to reach an interim agreement.
Soyaoil futures were close to unchanged, with traders noting spreading between soyaoil and soyameal contracts.
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