US MIDDAY: soyabeans down

CBOT soyabeans were down 14 cents per bushel to up 5, with July down 13 at $14.39 per bushel early on Tuesday. Turns down on likely switch to larger US soya acreage this year as flooding harms corn crop.
Declines slowed amid bullish numbers for old-crop and new-crop US soyabean ending stocks in USDA's June supply/demand report. Wet weather in US slowing soya seeding. Soyameal was down 60 cents to $1.10 per ton, with July down 60 cents at $370.40 per ton. Soyaoil was down 1.21 to 1.40 cent per lb, with July down 1.39 cents per lb at 62.91.