Soyabean futures on the Chicago Board of Trade fell Friday on technical selling and a private forecast for US soya plantings that topped the US Department of Agriculture's projection, analysts said. CBOT July soyabeans settled down 3-1/4 cents at $9.63 a bushel after dipping to $9.60-1/2, the contract's lowest since May 1. For the week, July soya fell 10 cents a bushel or roughly 1 percent.

CBOT July soyameal settled down $1.60 at $313.30 per short ton, gaining against soyaoil on mean/oil spreads. CBOT July soyaoil ended up 0.35 cent at 32.84 cents per lb. Informa Economics raised its projection of US 2017 soyabean plantings to 89.662 million acres, above the USDA's March 31 estimate of 89.5 million acres. Informa's figure was up from its mid-March forecast of 88.7 million acres.

The CME Group on Thursday said it lifted the majority of force majeure conditions invoked at corn and soyabean shipping stations on the Illinois River this month. China's Dalian Commodity Exchange said it would delay the launching of its No 2 soyabean futures due to changes needed to the rules and specifications of the contract. The CBOT reported 93 soyabean deliveries against the May futures contract, all issued by the Term Commodities house account. There were 16 soyameal deliveries and seven soyaoil deliveries.

Copyright Reuters, 2017