US soybean futures fell on Thursday, easing off their highest level in more than five months as traders locked in profits after eight straight days of gains. Wheat and corn also dropped on a wave of profit taking and technical selling following strong gains during the end of February, traders said.
At 10:03 am CST (1603 GMT), CBOT May soyabeans were down 5 cents at $13.15 a bushel, on track for its first daily decline since February 16. CBOT May corn dropped 6-1/2 cents to $6.51-1/2 a bushel. CBOT May soft red winter wheat was down 4 cents at $6.64 a bushel. CBOT wheat climbed to its highest since February 8 earlier this week even as the world is amply supplied with the grain. Kansas City Board of Trade May hard red winter wheat futures were down 1-3/4 cents at $7.06-3/4 a bushel.