CBOT soybeans set one-month low under pressure from firm dollar

Chicago Board of Trade soybean futures ended weaker on Tuesday after touching a one-month low as strength in the dollar weighed on grain markets, analysts said.

• CBOT May soybeans (SK24) settled down 13-1/4 cents at $11.45 per bushel and hit their lowest price since March 6.

• CBOT May soymeal (SMK24) ended down $3.20 at $335.30 per short ton, and May soyoil (BOK24) dropped 0.56 cent to finish at 44.91 cents per pound.

• The United States continues to face competition for global soybean export sales from cheaper Brazilian supplies.

• The U.S. Department of Agriculture, in a weekly report issued after trading ended on Monday, reported 3% of the U.S. soybean crop has been planted, ahead of the five-year average of 1%.