Soybeans, wheat prices fall

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    CANBERRA- US soybean futures fell for the first time in five sessions on Thursday, as a strong US dollar weighed on export prospects.

    Wheat fell more nearly 1 percent amid expectations of ample global supplies. Corn prices also declined.

    The most-active soybean futures on the Chicago Board of Trade Sv1 were down 0.4 percent to $14.27-3/4 a bushel, having firmed 0.7 percent on Wednesday.

    Analysts attributed the decline to a stronger dollar and said prices also remained underpinned by bullish fundamentals.

    “There is already ongoing Chinese demand but when you consider the renewable targets in the United States, the fundamentals are strong,” said PhinZiebell, agribusiness economist, National Australia Bank.