date:May 09, 2016
eat export sales of 140,000 metric tons fell below market forecasts.
CBOT July soybeans were down 9-1/2 cents at $10.24-1/2 a bushel.
Better-than-expected export sales pushed soybeans higher early in the trading session, but traders locked in profits after the market failed to break through the weekly high.
Concerns about crop losses in Argentina kept the declines in check. Heavy rains from the El Nio weather pattern that lashed Argentinas pampas in April have already wiped out 785,000 hectar