US soya fell over 1 percent early on Thursday, dropping for the fourth straight day due to profit taking, unwinding of soya/corn spreads and harvest pressure. Soybeans were also pressured by concern over demand from China, the world's top buyer of the oilseed, after its growth slowed for the third straight quarter.
Corn and wheat futures posted tentative gains as investors watched developments in Europe's debt crisis amid doubts over a deal to further strengthen the region's rescue fund.
At 12:03 pm CDT (1703 GMT), CBOT November soyabeans were down 13-3/4 cents at $12.11-1/2, December corn was up 3-1/2 cents at $6.42 and wheat for December delivery was up 1-1/2 cents at $6.21. Long liquidation and profit-taking dragged on the soyabean market, while corn showed life on good demand, firm cash markets, and slow farmer selling despite active harvest of the US crop.
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