Chicago Board of Trade soyabean futures eased on Thursday, their second day in a row of losses, after early strength failed to push the most-active contract through a 10-week high it hit on Tuesday, traders said. Signs of strong export demand underpinned the market and limited the declines.
The soyaoil market rallied sharply, with the most-active December contract surging through its 20-day and 200-day moving averages after finding support from overnight weakness at its 50-day moving average.