CBOT soybean down as US weekly export sales decline

Futures contracts of soybean on CBOT traded lower due to lower-than-expected US export sales data. US exported 869,086 metric tonne soybean during the week ended Nov 16, down 23% on week. Favourable weather in major growing regions of Argentina further weighed on the prices. The most active January contract traded at $9.9250 per bushel, down 0.4% from the previous close.