CBOT soyabean futures ease on wetter weather

28 Jun, 2020

CHICAGO: Chicago Board of Trade (CBOT) soyabean futures declined for a fourth consecutive day on Thursday as a wetter US Midwest weather forecast bolstered crop production prospects, traders said.

CBOT July soyabeans were down 1-1/2 cents at $8.69-1/4 per bushel, settling just above technical chart support at its 100-day moving average.

CBOT July soyameal ended down $1.20 at $285.50 per short ton, while July soyaoil fell 0.11 cent to 27.54 cents per pound.

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