Chicago Board of Trade soyabean futures dropped on Monday as concerns about livestock feed demand dragged down soyameal futures prices, traders said.

CBOT May soyabeans settled down 9-1/4 cents at $8.54-1/4 per bushel. New-crop November soyabeans closed down 5-1/4 cents at $8.70-1/2 per bushel.

CBOT May soyameal set a contract low of $2.88 per short ton and ended down $3.90 at $288.60 per short ton. May soyaoil fell 0.51 cent to 26.90 cents per pound.