CHICAGO: Chicago Board of Trade (CBOT) July soyabean futures settled down 14-3/4 cents, or 1.4 percent, at $9.04 per bushel on Thursday on technical selling and forecasts for more favourable weather for US crops, traders said.

New-crop November soyabeans ended down 14-1/2 cents at $9.13-1/4, extending declines that began with Monday’s downward reversal.

CBOT July soyameal ended down $4.10 at $293.80 per short ton, while July soyaoil futures closed down 0.3 cent at 31.55 cents per lb.

Disappointing US weekly export sales also weighed on soyabeans.—Reuters