US MIDDAY: soya eases

Soyabeans turned lower on profit-taking after rising to the highest level in 5-1/2 months on Friday fuelled by larger-than-expected cuts to the crop in drought-hit South American. The benchmark Chicago Board of Trade May soyabean contract slipped 0.3 percent, or 4-1/4 cents, at $13.34-1/4 per bushel as of 12:12 pm CST (1746 GMT).
May corn gained 1.8 percent or 11-1/2 cents to $6.47 per bushel, with technical buying and rumours of China purchases adding to support. Chicago May wheat gained 1.3 percent or 8-1/2 cents to $6.43-1/4 per bushel, but was still headed for a weekly drop.