U.S. soybean futures fell on speculation that imported oilseeds from rival producers like Brazil will soon travel up the Mississippi River to the U.S. interior amid historically low domestic stockpiles. Analysts said processors that crush soybeans into oil used in cooking and meal used to feed livestock are backing off their bids for U.S. stockpiles, signaling they are buying oilseeds from overseas sellers.
"There's a lot of thought that soybean imports could be around 85 to 95 mi bu this year, which would blow away previous records.