* CBOT July soybeans settled down 1 cent at $8.42-1/4 per bushel after notching a contract low of $8.40-1/2. It was the lowest level for a most active soybean contract since Oct. 29.
* May 2019 through January 2020 soybean futures all posted contract lows during the session.
* The actively traded July soybean contract ended the week down 2.9 percent, its fourth straight weekly drop.
* CBOT July soymeal ended $1.30 higher at $298.20 per short ton and July soyoil fell 0.15 cent to settle at 27.35 cents per pound.
* Rains are forecast for parts of the US Midwest over the next two weeks while cool temperatures may do little to dry out soggy fields. As a result, some farmers may shift from planting corn to planting soybeans instead at a time when US and global supplies are already ample.
* Traders are keen to hear any developments from US-China trade talks, which are due to shift from Beijing to Washington next week. US Vice President Mike Pence said on Friday that President Donald Trump "remains very hopeful" about reaching a deal in talks next week.
* The US Department of Agriculture on Friday reported 293,922 tonnes in new-crop US soybean sales to Mexico.
* There were 983 deliveries against the expiring CBOT May soybean contract, 295 deliveries against CBOT May soymeal and 502 deliveries against CBOT May soyoil.