Chicago Board of Trade soyabean futures declined for the sixth straight session on Thursday, notching a three-month low, on pressure from declines in palm and soyaoil and more stringent soyabean import requirements for US exports to China. Soyabeans eased about 0.7 percent while palm oil fell 1.7 percent and soyaoil was down 1 percent. Palm eased in part of expectations for increased Asian production.
Soyameal prices were off 0.6 percent, following the relatively steeper declines in soyabeans and soyaoil. The US Department of Agriculture reported export sales of US soyabeans in the latest week at 1.7 million tonnes for 2017/18 shipment, within a range of trade estimates for 1.3 million to 1.8 million tonnes.
Soyabeans remained under pressure from a USDA announcement earlier this week that China was seeking more stringent requirements for foreign materials in US soya cargoes, a move that could curb exports to the top world market.
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