Chicago Board of Trade soyabean futures ended slightly lower on Monday as the market struggles to balance strong exports and domestic demand against tight global supplies, traders said.
CBOT March soyabeans settled 4-3/4 cents down at $13.65-1/4 per bushel.
CBOT March soyameal ended $0.50 lower at $430.50 per short ton while March soyaoil gained 0.35 cents to 44.97 cents a pound. The USDA confirmed private sales of 133,000 tonnes of US soyameal to the Philippines for delivery in the 2020/21 marketing year. Potential soyabean harvest delays or even crop damage from unwelcome rain in Brazil have supported the US soyabean market because they could delay the influx of new supplies on the world market.—Reuters
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