CHICAGO: Chicago Board of Trade soyabeans ended lower on Friday as traders position ahead of the US Department of Agriculture’s monthly supply and demand report, analysts said.
CBOT March soyabeans settled 5-3/4 cents lower at $13.66-3/4 per bushel.
For the week, the most-active soyabean contract fell 3-1/4 cents, a 0.2% drop from the previous week.
CBOT March soyameal fell $2.60 to $430.50 per short ton, while March soyaoil slid 0.28 cent to 44.66 cents a pound.
Traders anticipate tightened US soyabean stocks to be announced by the USDA in its supply and demand report next Tuesday.
The United States exported $28.75 billion of agricultural goods and related products to China in 2020, according to USDA data, missing the $36.5 billion targeted under the Phase 1 trade deal.
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