Global grain and oilseed markets

Analysts noted that soybean futures on the Chicago Mercantile Exchange fell on Thursday due to technical issues and profit-taking, as well as because trading tensions between the U.S. and China heightened concerns about export demand. Trading was subdued as the publication of the U.S. Department of Agriculture's monthly supply and demand report and weekly export sales data was delayed on Thursday due to the federal government shutdown. November soybean futures on the Chicago Mercantile Exchange (CBOT) fell 7.5 cents to $10.22.5 per bushel. The contract hit resistance on the chart at the level of the 100- and 200-day moving averages. On the CBOT, December soybean meal futures fell $1.10 to $276.90 per short ton, and December soybean oil futures fell 0.54 cents to 50.94 cents per pound. Active harvesting in the U.S. Midwest under mostly favorable weather was expected to bring a high yield, although the yield was expected to be lower than the latest forecast by the U.S. Department of ...