CHICAGO: Soybean futures on the Chicago Board of Trade fell roughly 2 percent on Monday as macroeconomic worries prompted traders to liquidate long positions, traders said.
* The US dollar index rose sharply as deteriorating fiscal outlooks in the United States and Europe prompted investors to cut exposure to riskier assets.
* Also bearish for grains and soy, US crude oil futures fell and the Dow Jones industrial average dropped more than 250 points.
* Favorable weather in South American soy regions added pressure. Brazilian farmers have planted 71 percent of the 2011/12 soybean crop, up from 58 percent a week earlier and ahead of the five-year average of 70 percent, analysts Celeres said. Good rains since September have aided progress.
* US soybean export inspections data was disappointing. USDA reported inspections of US soybeans in the latest week at 40.762 million bushels, below trade estimates for 45 million to 50 million.
* Trade slowed ahead of the US Thanksgiving Day holiday on Thursday, with volume in soybean futures down about 40 percent from the prior 30-day average.
* The apparent shortfall of customer funds at MF Global Holdings Ltd's broker-dealer unit may be around $1.2 billion, about double initial estimates from regulators, the trustee liquidating the company said.
* Friday is the last trading day for CBOT December options.
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