<p>CHICAGO, Feb 13 (Reuters) - Chicago Board of Trade soybean futures ended lower on Friday, retreating from multi-month highs set a day earlier as traders booked profits and squared positions ahead of a long U.S. holiday weekend and the upcoming Lunar New Year holidays in China, traders said.</p>
<ul>
<li>Seasonal pressure from the expanding harvest of a bumper Brazilian soybean crop added pressure.</li>
<li>CBOT March soybeans  (SH26)  settled down 4-1⁄4 cents at $11.33 per bushel, a day after reaching $11.41-1⁄2, the contract’s highest since December 2.</li>
<li>For the week, the March contract  (SH26)  rose 17-3⁄4 cents a bushel or 1.59%, lifted by optimism about U.S. trade relations with China, the world’s top soybean buyer.</li>
<li>CBOT March soyoil  (BOH26)  ended Friday down 0.46 cent at 57.08 cents per pound.</li>
<li>CBOT March soymeal  (SMH26)  rose, settling up $1.30 at $309.20 per short ton.</li>
<li>Soybean futures have trended higher since U.S. President Donald Trump said last week that China had increased its target for U.S. soybean purchases, and a report in the South China Morning Post on Thursday said Trump and Chinese President Xi Jinping could extend their countries’ trade truce for as long as a year.</li>
<li>U.S. markets and most government offices will be closed on Monday in observance of the Presidents Day holiday.</li>
<li>Ahead of U.S. soy crushing data due on Tuesday from the National Oilseed Processors Association, analysts surveyed by Reuters on average expected the trade group to report that its members processed 218.52 million bushels of soybeans in January, down 2.9% from December but up 9.1% from a year earlier.</li>
</ul>

CBOT soybeans retreat from two-month highs ahead of long US weekend