date:May 31, 2012
Soybeans still have a tight supply-demand outlook, but outside markets and technically driven profit-taking pushed down prices, traders said.
Chicago Board of Trade soybeans for July delivery ended down 13 1/2 cents, or 1.0%, at $13.73 1/4 a bushel. November soybeans fell 1/2 cent to $12.93 a bushel.
July soybean meal fell $2.60 to $409.90 a short ton, and July soybean oil fell 0.48 cent to 49.69 cents a bushel.
Worries about the health of Spanish banks renewed concerns about the euro zone's