Chart support noted in March soyabeans at its 50-day moving average near $9.07, with resistance at its 200-day average near $9.24. CBOT March soyameal ended down 60 cents at $312.30 per shot ton while March soyaoil rose 0.13 cent at 29.51 cents per pound. Brazil's Paraná state, the country's second-largest soyabean producer, cut its forecast for its 2018/19 soya harvest to 16.8 million tonnes, from 19.1 million previously, after a dry spell last month.
Emater, the agricultural research body in Rio Grande do Sul, Brazil's No. 3 soya state, also warned of agricultural losses, citing excessive rains.
The United States and China are "miles and miles" from resolving trade issues but there is a fair chance the two countries will get a deal, US Commerce Secretary Wilbur Ross said.
A 30-member Chinese delegation plans to come to Washington next week for talks, Ross said, as the world's two largest economies try to meet a March 1 deadline to resolve their trade disputes.
US farmers are likely to plant corn on 90.3 million acres in 2019, up 1.3 percent from 2018, and cut soyabean plantings to 84.6 million acres, down about 5 percent year-on-year, according to the results of a Farm Futures email survey of 626 growers.