By Andrew Johnson Jr.
 
   Of DOW JONES NEWSWIRES
 
 
   CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures finished Friday's
 day session posting solid gains, with a tight soybean balance sheet and
 supportive outside market influences underpinning prices.
 
   July soybeans settled 21 cents higher at $16.30 1/2 and November soybeans
 ended 9 cents higher at $15.96.
 
   December soymeal settled $4.10 higher at $428.10 per short ton. December
 soyoil finished 2 points higher at 66.02 cents per pound.
 
   The U.S. Department of Agriculture did not provide any significant surprises
 in its supply and demand reports, but a tighter ending stock forecast and
 inflationary signals reinforced bullish long-term outlooks to buoying prices,
 analysts said.
 
   A choppy trading theme produced two-sided action, with favorable near-term
 crop conditions and ideas the market's rally of the past three days had
 adequately factored in smaller stock projections attracting profit taking to
 weigh on prices, analysts added.
 
   Nevertheless, the macro trend of the market remains bullish, with stronger
 precious metals, crude oil and a weaker U.S. dollar figuring into the market's
 big picture, said Dan Basse, president AgResource Company. "At this point in
 the year, trade guesses regarding yields and weather will dominate direction
 moving forward," he added.
 
   The DTN Meteorlogix weather forecast said a pattern of periodic rains
 continues to highlight the Midwest weather situation through the next week. A
 brief round of high temperatures in the 90s Fahrenheit will be mixed in with
 thunderstorms offering more than an inch of rain over much of the region
 through the weekend.
 
   Upper-atmosphere wind patterns during the next week bring the jet stream on a
 continuing track from west to east across the northern tier of states. Hot
 weather threats will be very slight as a result, Meteorlogix said. Temperature
 trends will be favorable for most row-crop areas of the Midwest through the
 central Plains, Meteorlogix added.
 
   The USDA forecast 2008-09 U.S. soybean ending stocks at 140 million bushels,
 compared to 175 million in June and the average analyst estimate of 139
 million. The USDA pegged 2007-08 soybean stocks at 125 million, unchanged from
 in June. The average of analysts' pre-report estimates was 123 million.
 
   On tap for Monday, the National Oilseed Processors Association is scheduled
 to release its monthly soybean crush report for June at 8:30 a.m. EDT (1230
 GMT). The crush is expected to decline to 136.9 million bushels from the
 previous report due to one less crushing day in June and seasonal downtime in
 the industry, according to a survey of industry analysts. Estimates for the
 report ranged from as low as 134 million bushels to as high as 138.6 million
 bushels.
 
   In pit trades, buyers and sellers were scattered among various commission
 houses.
 
    SOY PRODUCTS
 
 
   Soy-product futures ended higher, after a two-sided session. The markets
 climbed in unison with soybeans, with late meal/oil spreading weighing on
 soyoil down the stretch, traders said. Soyoil futures initially spiked with
 crude oil, but once aggressive buying was exhausted at session highs, profit
 taking surfaced to trim advances, traders said.
 
   Soymeal managed to rally after a midday slump, climbing on support from
 soybeans.
 
   December oil share ended at 43.54% and the November/December crush ended at
 72 cents.
 
   In soymeal trades, buyers and sellers were scattered among various
 commission.
 
   In soyoil trades, buyers and sellers were scattered among various commission
 houses.