CHICAGO, Aug 1 (Reuters) -Chicago Board of Trade soybean futures Sv1 fell to their lowest level since September 2020 on Thursday as favorable U.S.weather and weak demand depressed prices, traders said.
August soybeans SQ24 ended down 6-1/2 cents at $10.22 per bushel, hitting a contract low.
Most-active November soybeans SX24 settled down 6 cents at $10.16-1/2 per bushel and hit a contract low of $10.13 per bushel.
CBOT August soymeal SMQ24 ended up $1.8 at $355.9 per short ton.
CBOT August soyoil BOQ24 ended down 0.43 cents at 42.87 cents per pound.
Dealers said U.S. farmers have begun selling old-crop soy as the chance of higher prices recedes and they seek to make room for the coming harvest.
The U.S. sold 132,000 tons of soybeans to China for 2024/2025 delivery, according to the USDA.
The USDA reported net soybean export sales of 632,100 metric tons for 2024/2025 for the week ended July 25, within expectations of 300,000-900,000 tons.
