US soyabean futures eased on Thursday, weighed down by technical pressure as well as weakness in the corn market, traders said. Expectations that looming Hurricane Irma could damage crops in southeastern production states such as Georgia and North Carolina limited the declines. Soyabeans traded in positive territory for much of the day but turned lower after failing to hold support above Wednesday's high. Consolidation for the benchmark Chicago Board of Trade November soyabean contract was noted near the 40-day moving average.
Copyright Reuters, 2017
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