CBOT soybeans end firm on declining U.S. crop ratings.

Soybean futures on CBOT closed higher after USDA weekly crop condition ratings fell below expectations. Broad strength in commodities and a weaker dollar lent additional support. CBOT July soybean futures up 4-1/2 cents at $9.11-1/4 a bushel, with new crop November up 3-3/4 cents at $9.17-1/2. CBOT July soyoil ended up 0.56 cent at 32.08 cents per lb, gaining against soymeal on oil/meal spreads. CBOT July soymeal ended down 10 cents at $294 per short ton. USDA rated 66% of the U.S. soybean crop as good to excellent, down from 67% the previous week and surprising analysts who expected a slight improvement. USDA raise slightly its acreage estimate of U.S. soybean plantings to 89.75 million acres vs March forecast of 89.482 mln acres.