Weekly export sales data for soyabeans added pressure. The US Department of Agriculture reported sales of US soyabeans in the week to December 24 at 478,800 tonnes, below a range of trade estimates and a marketing year low. At the Chicago Board of Trade as of 12:29 pm CST (1829 GMT), March soyabeans were down 7 cents at $8.63-1/4 per bushel. March wheat was up 1/2 cent at $4.70-1/4 a bushel and March corn was down 3/4 cent at $3.58-1/4 a bushel.
All three commodities were on track to post annual declines amid a backdrop of plentiful world stocks and a strong US dollar. CBOT wheat was poised to fall 20.3 percent, its second-largest yearly drop since 2008. Corn and soyabeans were each set to fall for a third straight year, with corn down almost 10 percent for 2015 and soyabeans down 14.6 percent.