CBOT soybeans fall amid Chinese economy concerns, weaker oil market

CHICAGO, March 10 (Reuters) - Chicago Board of Trade soybeans turned lower on Monday, as prices were weighed down by weakness in the oil market and traders' concerns over Chinese deflation, market analysts said.

• CBOT May soybeans SK25 settled down 11 cents at $10.14 per bushel.

• Earlier in the session, the most-active soybean contract on a continuous basis Cv1 dipped to the lowest price since March 5.

• CBOT May soymeal SMK25 ended the day down $2.10 at $302.30 per short ton.

• CBOT May soyoil BOK25 fell 1.16 cents to finish at 42.26 cents per pound.

• U.S. exporters sold 195,000 metric tons of soybeans to unknown destinations for delivery in the 2024/25 marketing year, the USDA reported on Monday.

• In addition to market uncertainty caused by U.S. trade tariffs, traders were tuned into news that China's consumer price index fell at the sharpest pace in 13 months in February - and how much that might chill demand for U.S. soy demand going forward.

• Soybeans also were under pressure by the South American harvest coming on strong, said Karl Setzer, partner at Consus Ag.

• Market players are waiting for the U.S. Department of Agriculture's monthly supply/demand report on Tuesday.

• While this report is typically a quiet one, traders said they will be keeping a close eye on how USDA adjusts its data to reflect trade policies in place when the forecasts for grains and soybeans are issued.