Monday, 06 August 2012 04:46
SYDNEY: US soybeans fell more than 2 percent in early deals on Monday, unwinding the gains achieved on Friday when the oilseed firmed on stronger-than-expected US economic data.
At 0003 GMT, Chicago Board Of Trade November soybean contracts were down 2.32 percent to $15.91 a bushel after climbing 0.7 percent in the previous session. November soybeans fell to as low as $15.75-3/4 a bushel during early Asian trading.
September soybeans fell 2.12 percent to $16.01 a bushel, having closed up 0.75 percent on Friday, and spot soybeans fell 2.07 percent to $16.22 a bushel after firming 0.2 percent in the previous session.
The soybean complex firmed on Friday after the Labor Department said US employers hired the most workers in five months during July.
Copyright Reuters, 2012 ...