1.   Equally in Argentina, expectations of a bumper soya harvest are unlikely to come true unless heavy rains arrive in the next few days.

2.   The US soya harvest was revised upwards, but those of Brazil, Argentina and China were revised downwards.

3.   The US market was hit by a large Brazilian soya harvest, one of the largest in recent years, and by the continued large scale of US stocks.

4.   These in turn were boosted by a rally in US corn and wheat prices and the announcement of a higher Brazilian soya harvest.

5.   The commodity benefitted from prospect of a smaller-than-expected soya harvest in Brazil.