US soyabean futures closed mixed on Monday, with nearby months lower on technical selling, including profit-taking, after last week's 14-month high spot price, traders said. November soyabeans fell 3/4 cent to $12.25-1/4 a bushel. The contract rose to $12.36-1/2 but was unable to match last week's high of $12.36-3/4.
Most-active January soyabeans ended down 1 cent at $12.35. Trading volume in soyabean futures was estimated at roughly 129,000 contracts, lowest figure in more than three weeks. December soyameal ended up 10 cents at $337.80 a ton. December soyaoil up 0.45 cent at 49.75 cents per lb. Strength in crude oil helps lift soyaoil.
Commodity funds were net sellers of 1,000 soyabean contracts, small net buyers in soyameal and bought 2,000 soyaoil contracts, said traders. USDA reported export inspections of US soyabeans in latest week at 60.260 million bushels, below trade estimates for 68 million to 73 million. CBOT reported 385 November soyabean deliveries, with Tenco customer accounts issuing 290 contracts and stopping 368.
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