Soybeans Ease for Third Day as US Crushing Misses Expectations

Soybean futures fell for a third session as US crushing of the oilseed edged lower, adding to demand concerns.

The country crushed 194.6mmillion bushels of soybeans in March, trailing the average estimate in a Bloomberg survey and below the prior month, according to National Oilseed Processors Association data released Tuesday. Heavy rains in March in some states disrupted operations, The Hightower Report said in a note.

The drop in domestic demand comes as US exports could also be weighed down by the country’s increasingly fraught relations with China. The Asian nation — the world’s biggest soybean buyer — now ...