CBOT soybeans retreat from six-week peak on export demand concerns

CHICAGO, Aug 14 (Reuters) - Chicago Board of Trade soybean futures fell for the first time in four sessions on Thursday on worries about export demand, easing from six-week highs stuck after the U.S. Department of Agriculture slashed its harvest outlook by more than expected.

• The USDA on Tuesday projected the average U.S. soybean yield at a record high this autumn, but sharply cut harvested acres, resulting in a much smaller-than-expected harvest outlook this year.

• Net export sales of new-crop U.S. soybeans totaled 1,133,006 metric tons in the week ended August 7, the USDA said on Thursday, topping trade estimates that ranged from 400,000 to 900,000 tons. The USDA reported net old-crop sales cancellations of 377,610 tons, versus expectations for net sales of 200,000 to 700,000 tons.

• U.S. soybean exporters risk missing out on billions of dollars worth of sales to China this year as trade talks drag on and buyers in the top oilseed importer lock in cargoes from Brazil for shipment during the key U.S. marketing season, according to traders.

• The National Oilseed Processors Association is due to release its July U.S. crush report on Friday. Analysts polled by Reuters, on average, expect the crush to rise to 191.590 million bushels, which would be a July record.

• CBOT November soybeans SX25 settled 15-3/4 cents lower at $10.28-1/2 per bushel.

• CBOT September soymeal SMU25 fell $2.70 to settle at $284.30 per short ton.

• CBOT September soyoil BOU25 dropped 1.40 cents to close at 51.99 cents per pound.