CHICAGO: Soybean futures on the Chicago Board of Trade fell 1 percent on Monday, the most in four weeks, on technical selling and long liquidation following last week's 7-1/2 month high, traders said.
* Spillover pressure from CBOT corn and wheat futures, which fell as favorable US crop weather boosted crop prospects.
* Additional pressure from investors exiting long soy/short corn spreads.
* Large speculators hold a record-large net long position in CBOT soybeans, CFTC data showed on Friday, leaving the market vulnerable to bouts of long liquidation.
* Funds also hold a hefty net long in soymeal and soyoil.
* The National Oilseed Processors Association (NOPA) reported the US soybean crush for March at 140.534 million bushels, up from 136.35 million in February but below an average of trade estimates for 143.8 million.
* NOPA reported US end-March soyoil stocks at 2.363 billion lbs, up from 2.242 billion in February and above the average trade estimate of 2.338 billion.
* Analysts at Celeres reported Brazil's soy harvest at 88 percent complete as of April 13, up from 82 pct a week earlier; sales rose to 72 pct of expected production, up from 70 pct the previous week.
* USDA said an overnight fire delayed its weekly export inspections and crop progress reports. The crop progress report, ordinarily released on Monday afternoon, was rescheduled for Tuesday.