A firmer dollar pressured Chicago Board of Trade soyabean and wheat futures early Thursday. At 9:33 am CST (1533 GMT), CBOT May soyabeans were down 14-1/2 cents at $9.49 a bushel. Most-active May falls to near-two-week low on firm dollar, lower crude oil, along with pressure from the expanding harvest of a likely record-large South American soybean crop. May falls below 20-day moving average of $9.51-3/4.
CBOT May soft red winter wheat dropped 10 cents to $5.05-3/4. Profit-taking after a rally on Wednesday. Firm dollar and plentiful global supply of wheat lends pressure in rangebound technical trade. CBOT March corn down 4 cents at $3.71-3/4 per bushel, May down 3-3/4 at $3.83. Firm dollar, weak crude oil and profit-taking weigh on corn futures in rangebound trade. May drops below 40-day moving average of $3.84.
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