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Soybeans Ease on Demand Concerns, Mideast Tensions

Soybean prices fall as lower U.S. weekly exports weigh

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Chicago soybean futures slipped for a second session on Monday, as concerns over demand for U.S. supplies amid a flare-up of tensions in the Middle East put pressure on prices, reports Reuters.

Asian shares toppled from an 18-month top on Monday as heightened Middle East tensions sent investors scurrying for the safety of gold, which hit a near seven-year high while oil jumped to four-month peaks.

The United States Department of Agriculture (USDA) said total U.S. soybean export sales last week were 332,047 tonnes, below analysts' expectations of 350,000 tonnes-1.05 million tonnes.

Traders are waiting for the USDA to issue crop production data on Jan. 10 amid uncertainty about the size of last year's corn harvest, which was delayed by cold, wet weather.

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