U.S. soybean futures clawed back early losses and ended higher on Monday on good U.S. export demand and after Argentina's new government said it would raise export taxes on soymeal and soyoil in the world's supplier of the soy products.
Good export demand also underpinned soybeans
CBOT long liquidation saw the net long position in soybeans dip
Traders waited to see whether beneficial rains will arrive in dry areas of Brazil
China may buy a couple more cargoes of U.S. soy for next-year delivery: analysts
Corn and wheat futures also traded lower
Wheat and corn futures advance
Wheat futures plummeted; corn pressured by spillover weakness
U.S. government reported sales of 1,120,000 tons of soft red wheat to China this week
The libertarian president-elect has pledged to dollarize the economy, leading to devaluation rumours
Corn and soybean were pressured by weather forecasts for Brazil and parts of South America