CHICAGO: Soybean futures on the Chicago Board of Trade fell 1.5 percent on Thursday in sympathy with a 4 percent plunge in CBOT corn tied to poor exports and a broad sell-off in commodities due to risk aversion, traders said.
* Investors appeared to be liquidating long positions in several commodities amid mounting worries about the euro zone crisis and declines on Wall Street.
* January soybean contract dipped to a near one-year low at $11.62 per bushel during the session.
* CBOT soymeal and soyoil futures followed the weak trend in soybeans, with meal finding light underlying support as traders unwound long oil/short meal spreads.
* Soy market fell despite a recent round of Chinese purchases of US soybeans and expectations of traders in Beijing that more deals were likely.
* USDA confirmed sales of 420,000 tonnes of US soybeans to China for 2011/12 delivery.
* USDA also reported export sales of US soybeans in the latest week at 751,300 tonnes (old and new crop years combined), above estimates for 500,000 to 700,000 tonnes. The sales tally included sales of 517,100 tonnes to China.
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