Chicago Board of Trade soyabean futures closed lower on Friday on profit-taking after a nine-session advance in the nearby March contract and uncertainty about export demand for US supplies, traders said.
CBOT March soyabeans settled down 2-1/2 cents at $8.93-3/4 per bushel, turning lower after the contract failed to match Thursday's high of $8.99-3/4.
For the week, the contract rose 11-3/4 cents a bushel, or 1.3%, its second straight weekly rise.
CBOT March soyameal ended down 80 cents on Friday at $291.10 per short ton and March soyaoil fell 0.15 cent to finish at 30.57 cents per pound.
Traders noted fears that logistical problems tied to the coronavirus in China might hamper export business.
Ships carrying refrigerated cargo containers of chicken from the United States to China are being diverted to ports in Hong Kong, South Korea, Taiwan and Vietnam due to the coronavirus outbreak, according to a US poultry export trade group.
Traders are waiting to see if China steps up purchases of US agricultural products as the US-China Phase 1 trade deal takes effect this weekend.
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