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CBOT soybean futures dip on demand and USDA report


CHICAGO, June 27 (Reuters) - Chicago Board of Trade most active soybean Sv1 futures dipped on Thursday on low demand and positioning ahead of the U.S. Department of Agriculture's acreage report.

CBOT August soybeans SQ24 ended down 6 cents at $11.36-1/4 a bushel.

CBOT new crop November soybeans SX24 closed 2-1/4 cents lower at $11.04-3/4 per bushel.

CBOT August soymeal SMQ24 closed $1.10 cents higher at $348.10 per short ton.

CBOT August soyoil BOQ24 finished 0.01 cent higher at $43.73 per pound.

USDA reported weekly old-crop U.S. soy export sales of 282,900 metric tons, below analyst estimates for 300,000 to 600,000 tons.

USDA said exporters sold 120,000 metric tons of U.S. soy to unknown buyers for delivery in 2024/25.

Traders assessed the effect of flooding that hit the U.S. Midwest earlier in the week.

Damage from flooding kept a floor on prices with traders reporting flooded rail lines and difficulties loading barges on the overflowing Mississippi River.

Market players awaited the release of the USDA's acreage report on Friday.
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