CBOT soyabeans fall to lowest levels since October

Chicago Board of Trade soyabean futures dropped to the lowest levels since October 13 on Wednesday before prices trimmed losses to finish only narrowly lower as investors squared up positions ahead of US Department of Agriculture plantings data due on Friday, traders said. Analysts polled by Reuters expected USDA to project a jump in US soyabean plantings for 2017. Bigger existing US soya supplies and bumper South American soya harvests also continued to anchor futures. Soyameal futures were higher and soyaoil futures were lower in oil/meal spreading.