CBOT soybeans dip as traders await USDA report

CHICAGO, Sept 10 (Reuters) - Chicago Board of Trade soybean futures eased on Wednesday as traders squared positions ahead of a monthly U.S. Department of Agriculture supply and demand report, and with slow demand from China.

• U.S. farmers are missing out on billions of dollars in soybean sales to China halfway through their prime marketing season, as stalled trade talks halt exports and rival South American suppliers step in to fill the gap, traders and analysts said.

• The USDA is expected to trim its U.S. soybean yield forecast in its monthly report on Friday to 53.3 bushels per acre, down from 53.6 bpa a month earlier, according to a Reuters analyst poll. But analysts expect the USDA to forecast a 4.271 billion-bushel crop, which would be among the largest-ever U.S. harvests.

• U.S. soybean crop conditions declined for a second straight week, although conditions remained above average for this time of year, according to a weekly USDA report on Monday.

• A Reuters poll of analysts predicted net U.S. export sales in the week ended Sept. 4 at 400,000-1,600,000 metric tons for 2025-26.

• CBOT November soybeans SX25 fell 6 cents to finish at $10.25-1/4 a bushel.

• CBOT December soymeal SMZ25 settled down $3.20 at $285.80 per short ton.

• CBOT December soyoil BOZ25 ended 0.53 cent lower at 51.01 cents per pound.