CHICAGO: Chicago Board of Trade soybean futures edged lower on Tuesday on technical selling as traders awaited direction from the US midterm election results and monthly data due Thursday from the US Department of Agriculture (USDA), brokers said.
* CBOT January soybeans settled down 1-1/2 cents at $8.84-1/4 per bushel.
* CBOT December soymeal ended up 80 cents at $311.40 per short ton while December soyoil finished unchanged at 27.90 cents per pound.
* Ahead of the USDA's monthly supply/demand reports, analysts on average expect the government to lower its US soybean yield estimate but raise its forecast of 2018/19 soy ending stocks.
* Late on Monday, the USDA said the US soybean harvest was 83 percent complete, lagging the five-year average of 89 percent.
* Brazil's soy industry group Abiove raised its projection for the country's soybean exports this year to 79 million tonnes, from 77 million tonnes seen in October.
* Argentine soy crushing factories want to revive their business
with a deal permitting them for the first time to export soymeal livestock feed to China, a pact that the government said was being hammered out this week in Beijing.
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