Chicago Board of Trade (CBOT) soyabean futures closed near unchanged on Tuesday as the market stabilized after reaching a five-week low earlier in the session.

The market took a pause after notching it biggest one-day loss in more than two months on Monday.

Traders are closely watching news about the trade war with China as US President Donald Trump dangled the prospect of completing an initial deal with Beijing "soon."

China, the world's largest soyabean importer, has slashed purchases from the United States since Beijing slapped hefty tariffs on imports of the US oilseed last year.

A weekly US Agriculture Department report is expected to show that US farmers had completed 87% of their soyabean harvest as of Sunday, according to a Reuters poll of analysts.