CBOT soybeans tip lower on falling soymeal futures
CHICAGO, Aug 6 (Reuters) - Chicago Board of Trade soybean futures fell on Wednesday as weakening soymeal futures dragged down the whole soy complex, while lackluster demand and a large supply of soymeal hung over the market.
Soymeal supplies have swelled as processors aimed to meet strong demand for soyoil.
Chinese crushers sold nearly 2 million metric tons of soymeal to local feed mills on Tuesday, the biggest single-day sale of 2025, as attractive prices and concerns over Washington-Beijing trade tensions fueled soybean supply fears, traders and analysts said.
The USDA reported export inspections of soybeans in the week ended July 31 at 612,539 metric tons, above trade expectations for 250,000 to 460,000 metric tons.
CBOT November soybeans SX25 settled 6-1/4 cents lower to $9.84-1/2 per bushel.
CBOT September soymeal SMU25 ended down $4.40 to settle at $272.60 per short ton.
CBOT September soyoil BOU25 ended 0.05 cent lower to 53.72 cents per pound.
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