CBOT soybeans drop from four-week high as traders take profits

CHICAGO, Jan 26 (Reuters) - Profit-taking dragged down Chicago Board of Trade soybean futures on Monday after the market reached a four-week high, traders said.

• Traders kept an eye on crops in South America, as consultancy AgRural raised its estimates for the Brazil's 2025/26 harvest.

• In Argentina, a major export of soy products, rain over the next week should improve soil moisture in the Cordoba province, according to weather firm Vaisala. Below-normal rainfall elsewhere in the country will maintain areas of dryness and stress on soybeans and corn, the firm said.

• CBOT March soybeans SH26 closed 6 cents lower at $10.61-3/4 cents per bushel after rising earlier to the highest level since December 29.

• CBOT March soymeal SMH26 closed down $5.60 at $294.30 per short ton in a setback from a two-week high.

• CBOT March soyoil BOH26 sagged 0.10 cent to end at 53.89 cents per pound.