CHICAGO, Aug 8 (Reuters) - Chicago Board of Trade soybean futures tipped lower on Friday as traders shifted focus toward monthly USDA supply and demand projections due on Tuesday.
The report will be closely watched for revisions to expected U.S. corn and soybean production.
Expectations of plentiful supply have weighed heavily on prices as growing conditions for U.S. corn and soybeans appeared ideal.
However, low soybean prices have sparked some demand for the U.S. oilseed.
CBOT November soybeans SX25 settled 6-1/4 cents lower to $9.87-1/2 per bushel.
CBOT September soymeal SMU25 rose 50 cents to settle at $276.60 per short ton.
CBOT September soyoil BOU25 ended 0.79 cent lower to 52.71 cents per pound.