CBOT soybeans fell as speculative funds sold off

Gold Ten Futures, June 26, according to foreign media reports, on Tuesday, the Chicago Board of Trade (CBOT) soybean futures closed down, of which the base period closed about 1.7% lower, because speculative funds sold off, technical selling is active. < br > 1. Storms swept through the Midwest of the United States over the weekend and early this week, causing floods that threatened soybean crops in the region. However, analysts said that the extra rain can reduce the pressure caused by the extreme heat in the region last week. The U.S. Department of Agriculture said Tuesday that the U.S. soybean yield rate was 67%, down 3 percentage points from last week, but still much higher than the 51% in the same period last year. The United States is the world's second largest soybean exporter after Brazil. < br > 2. The U.S. Department of Agriculture will release the sowing area and quarterly inventory report on Saturday. Analysts expect U.S. soybean acreage to be 86.753 million acres this year, up 243,000 acres from March intentions. Analysts expect soybean stocks to be 962 million bushels as of June 1, which would be 166 million bushels higher than 796 million bushels a year ago. On Tuesday, base period volume was estimated at 122,080 lots, compared with 119,210 last trading day. Open volume was 377,068 lots, compared with 370172 last trading day.