CBOT soybean down on global crude oil cues.

Soybean futures on the CBOT declined in line with the fall in global crude oil prices. Global crude oil prices fell due to smaller than expected OPEC production cuts decided in the oil cartel. The most-active July soybean contract on CBOT at $9.3750 a bushel, down 0.3%. Soybean prices take cues with crude oil prices as the edible oil is used to manufacture bio-diesel.