U.S. soybean futures fell for the first time in three sessions on Monday as forecasts of rain in South America fuelled expectations of bumper production, though losses were checked by steps by China to stimulate its economy.
Soybeans had drawn support from a surprise interest rate cut in China, while further cuts are also mooted to stimulate the world's second-largest economy.
January soybeans futures, the most actively traded contract, fell 0.4 percent to $10.34-1/2 a bushel, having closed up 1.8 percent in the previous session.Soybeans for January delivery fell 0.4 percent to $10.345 a bushel.
January soybeans futures, the most actively traded contract, fell 0.4 percent to $10.34-1/2 a bushel, having closed up 1.8 percent in the previous session.Soybeans for January delivery fell 0.4 percent to $10.345 a bushel.
Chicago Board of Trade January soybeans dropped 0.55 percent to $10.33-1/4 a bushel, having firmed 1.8 percent on Friday.
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