Chicago Board of Trade soyabean futures fell to a two-week low on Friday, posting the first weekly drop in three weeks as the coronavirus pandemic has disrupted global supplies and stoked concerns about weakening demand, traders said.
CBOT May soyabeans ended down 4-1/2 cents at $8.54-1/4 per bushel. The contract ended down 3.1% in the week.
CBOT May soyameal ended down $5.90 at $303.20 per short ton while May soyaoil rose 0.19 cent to 26.43 cents per pound.
Traders remain concerned about weaker demand as the coronavirus crisis has triggered higher US unemployment and threatened to tips the global economy into recession.