Chicago Board of Trade soyabean futures ended mixed on Wednesday, with nearby contracts supported by firm US cash values and commercial spreading of March/May soyabeans, brokers said.
CBOT soyabeans settled up 3-1/4 cents per bushel to down 8-1/4 cents, with March up 3-1/4 cents at $8.05-3/4. Commodity funds bought about 2,500 lots, while commercials were net buyers. Produce Grain spread 800 March/May, traders said.
CBOT soyameal futures closed up 20 cents per ton to down $2.80, with March up 20 cents at $247.00. Commodity funds were light net buyers and commercials were light net sellers, brokers said.
CBOT soyaoil settled up 0.04 cent per lb to down 0.31 cent, with March, soyaoil steady at 29.86 cents per lb. Talk of Chinese demand for South American or US soyaoil, and a firm close in Malaysian palm oil limited losses, brokers said.
CBOT soya futures continued to find light pressure from worries about a drop in Asia's demand for soya. About 50 million birds have been destroyed recently as avian flu sweeps through Asian poultry flocks, according to United Nations estimates. Chickens are major consumers of soyameal.
The CBOT March soyabean crush margin ended down 2.81 cents at 66.11 cents per bushel.