Also bearish, mostly favourable crop weather continues in South America, boosting soya crop prospects. However, Argentina may get hotter, drier weather next 10 days. March soyabeans ended down 13-1/2 cents, or 1.4 percent, at $9.50 per bushel, after hitting $9.40-3/4, lowest level since October 9, 2009. New-crop November closed down 10-3/4 cents at $9.28-1/2. March soyameal ended down $4.70 at $286.20 per ton.
March soyaoil fell 0.58 cent to settle at 36.57 cents per lb. Commodity funds net sold 5,000 CBOT soyabean contracts, 1,000 soyameal and 2,000 soyaoil, traders said. Brazil unlikely to repeat record '09 soya exports - Reuters analysis. Taiwan to tender Thursday to buy 40,000 to 60,000 tonnes US or Brazilian soyabeans - trader.
Cash soyabean basis steady in US Midwest interior amid slow sales; bids fall along Illinois River. US Midwest cash basis for soyameal holds firm, underpinned by strong export demand. Indonesia mills seek 100,000 tonnes Latam soyameal -trade. Stocks, weak commodity markets weigh on Malaysian palm oil.