US soyabean futures fell to a one-month low on Thursday as a strong dollar, lower crude oil, gold and equities combined to weigh on the market. Good crop weather in South America and prospects for a big soya crop also lending pressure. CBOT January down 37-1/2 cents per bushel at $10.22. Funds sold 6,000 lots. USDA said export sales of US soya last week totalled 944,700 tonnes, above a range of estimates from 750,000 to 850,000 tonnes.]
Better harvest weather for the final cuttings of US soya crop and good crop weather continues in Brazil and in Argentina. US cash soya nearly flat and farmer selling limited. CBOT January soyameal down $9.50 per ton at $307.40. Following soyabeans as firm dollar weighs on all commodities. Funds sold 1,000 lots. USDA said export sales of US soyameal last week totalled 184,400 tonnes, within a range of estimates from 175,000 to 225,000 tonnes.
CBOT January soyaoil down 1.69 cents per lb at 38.64 cents per lb. Pressured by firm dollar, lower crude oil and lower soyabean futures. Funds sold 3,000 lots. USDA said export sales of US soyaoil last week totalled 20,700 tonnes, above a range of estimates from 10,000 to 20,000 tonnes. Palm ends at fresh 6-1/2 month high on bullish outlook.
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