CBOT soybeans tumble on weakness in the crude oil market
CHICAGO, Oct 28 (Reuters) -Chicago Board of Trade soybean futures plunged on large supplies and spillover weakness from Monday's crude oil fall, said analysts.
CBOT November soybeans SX24 ended down 13-3/4 cents at $9.74 a bushel.
CBOT December soymeal SMZ24 settled down $1.00 at $304.80 per short ton and December soyoil BOZ24 fell 1.46 cents to finish at 42.69 cents per pound.
Soybeans fell on a spillover effect from oil prices declining by around $4 a barrel after Israel's retaliatory strike against Iran bypassed oil and nuclear facilities and failed to disrupt energy supplies.
The U.S. Department of Agriculture's weekly crop progress report is expected to show later on Monday that the U.S. soybean harvest at 91% complete as of Sunday, the fastest pace since 2010, according to analysts polled by Reuters.
Brazil's soybean planting reached 36% of the total expected area as of Oct. 24, agribusiness consultancy AgRural said, up 18 percentage points from the previous week as weather conditions improved.
Reporting by Renee Hickman; Editing by Sandra Maler
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