Chicago Board of Trade soyabean futures slid from their highs past midday on Thursday as wheat retreated from its 11-year top on profit-taking, traders said.
August was steady at $8.15 per bushel by 12:40 pm CDT after reaching an early high of $8.30-3/4. Soyameal was up $2.50 to $3.50 per ton, with August up $3 at $218. Oil was 0.14 to 0.35 cent per lb firmer; August was 0.34 cent higher at 36.96 cents.
Buying of November soyabeans was scattered among commission houses. Rand Financial, Iowa Grain, FC Stone and ADM Investor Services each bought 100 to 200 November, traders said. Processor Bunge was a featured buyer in soyaoil of 500 December. Crop weather was viewed as bearish, traders said.