1. Also, demand for soybean meal, a byproduct of oilseeds used as a livestock feed, waned last month, which contributed to the dip in soybean prices. 2. And Chicago soybean futures prices showed strong gains on indications of new Chinese demand for soybean meal. 3. Aside from weather factors, soybean futures prices were helped by rumors of Chinese buying. 4. A fall in soybean meal futures contributed to lower soybean prices. 5. A bumper crop would make it easier for Brazil to undercut U.S. soybean prices and gain world market share, traders said. 6. A record Brazilian crop could weaken U.S. soybean prices and decrease U.S. export market share. 7. A plunge in soybean prices in the past several weeks has generated fresh export demand for U.S. soybeans, putting pressure on the already lean stocks. 8. A plunge in the dollar and higher prices for soy product futures sent soybean futures prices soaring early, but late profit-taking cut the gains. 9. A report by the National Oilseed Processors Association showing that demand is slowing kept soybean prices from rising too far. 10. Additional pressure on soybean prices came from improving planting weather in Brazil, the second-largest producer after the U.S. |