Chicago Board of Trade soyabeans dived early Monday on technical weakness and prospects for a record-large US soya crop amid ideal growing conditions, traders said. New-crop November soya slipped below key support of $9.80 during the overnight session, triggering aggressive technical selling which continued early Monday.
November soya was trading below is 20- and 100-day moving averages. Corn and wheat followed the weakness in soyabeans, with September wheat sliding to a contract low of $4.68-1/2.