CBOT soybeans fall after USDA confirms record yield
CHICAGO, Oct 11 (Reuters) -Chicago Board of Trade soybean futures fell on Friday after the U.S. Department of Agriculture trimmed its soybean production forecast but still projected it to be the largest in history in its monthly supply and demand report.
CBOT November soybeans SX24 settled down 9-1/4 cents at $10.05-1/2 a bushel, settling down 3.1% for the week.
Most-active December soymeal SMZ24 ended down $1 at $315.10 per short ton.
December soyoil BOZ24 closed down 0.43 cent at 43.33 cents per pound.
The USDA projected U.S. soy output at 4.582 billion bushels with an average yield of 53.1 bushels per acre (bpa), compared to its September estimates for production of 4.586 billion bushels with a yield of 53.2 bpa.
Showers in northern Brazil will miss the far northeastern part of the country over the next two weeks, according to Commodity Weather Group
The USDA confirmed export sales of 132,000 metric tons of U.S. soybeans for shipment to unknown destinations in the 2024/25 marketing year.
Reporting by Heather Schlitz; Editing by Alan Barona
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