CBOT soybean futures ease on higher world crop.

Soybean contracts fell on the CBOT due to an USDA report which was upbeat on the global soybean output in 2017-18. The most-active August contract in the electronic trade on the CBOT traded at 10.0350 per bushel, down 1.8% from the previous close. The US agency has raised its estimate for global production of soybean in 2017-18 to 345.09 million tonne, up 420,000 tonne from its projection in June.