CBOT soybeans end higher on USDA data, falling dollar

CHICAGO, April 11 (Reuters) - Chicago Board of Trade soybean futures climbed on Friday on data from the U.S. Department of Agriculture's Thursday supply and demand report, higher soyoil futures and a weaker U.S. dollar, according to analysts.

• CBOT May soybeans SK25 settled up 13-3/4 cents to end at $10.42-3/4 a bushel.

• CBOT May soymeal SMK25 ended up $1.70 at $299.60 per short ton.

• CBOT May soyoil BOK25 rose 1.03 cents to finish at 47.35 cents per pound.

• For the week, most active soybeans Sv1 rose 6.7%.

• The USDA estimated U.S. soybean stocks at 375 million bushels, compared to its March estimate for 380 million and analysts' expectations for 379 million.

• The dollar weakened against major currencies on Friday as tariff disputes shook investor confidence in the dollar as a safe haven, sending it to a three-year low versus the euro.

• A lower dollar tends to make U.S. exports cheaper and more competitive on the global market.

• Drenched Argentine fields due to heavy rains in the country's farm heartland are raising fears of soybean losses, although drier weather on the horizon should bring relief to producers, industry experts say.

• The USDA reported exporters sold 121,000 metric tons of soybeans to unknown destinations, of which 55,000 tons are for 2024/2025 delivery and 66,000 tons are for 2025/2026.