CBOT soybeans ease on harvest pressure

By Reuters News

CHICAGO, Oct 21 (Reuters) - Chicago Board of Trade soybean futures fell on Wednesday as dry weather allowed farmers to pick up the pace of harvest for what is forecast to be a record-large US crop.

  • The harvest pressure more than offset support from renewed buying by China.

  • In Brazil, farmers had planted 26% of the projected area of their 2026/27 soybean crop as of last Thursday, agribusiness consultancy AgRural said on Monday.

  • A Reuters poll of analysts estimated the US Department of Agriculture would report weekly export sales of soybeans at between 1,800,000-3,000,000 metric tons.

  • CBOT November soybeans closed 3 cents lower at $12.45-1/4 per bushel.

  • CBOT December soymeal was $0.40 lower at $348.30 per ton.

  • CBOT December soyoil dropped 0.76 cent to settle at 65.97 cents per pound.

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