Soyabean futures on the Chicago Board of Trade fell on Monday, snapping a three-day rally as a firmer dollar, rains in Brazil and softening Chinese crush margins pressured the market, traders said. Rain to soak Brazil's top soya state Mato Grosso; No 3 state Rio Grande Do Sul still dry. Soya complex underpinned as crude oil surges, bucking dollar strength. January soyabeans ended down 3-1/2 cents at $12.35 per bushel.
December soyameal down 50 cents at $336.30 a ton; January down 50 cents at $338.60. December soyaoil down 0.03 cent at 49.87 cents per lb; January down 0.03 at 50.22 cents. Funds were net sellers of 3,000 soyabean contracts, 3,000 soyameal and were even in soyaoil, said CBOT traders. Soyameal pressured by oil/meal spreading. USDA pegged export inspections of US soyabeans in latest week at 48.948 million bushels, within range of trade estimates for 47 million to 54 million. After the close, US CFTC said large speculators widened their net long in CBOT soyabeans in the week to November 23 to 128,622 contracts, up 2,645 lots.