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CBOT soybeans drop on profit taking

CHICAGO, Sept 7 (Reuters) - Chicago Board of Trade soybean futures fell on Wednesday, shedding early gains on a round of profit taking. * Signs of weakening global demand and expectations for a big U.S. crop continued to hang over the market. * Soyoil futures dropped to their lowest since Aug. 5, with a sharp decline in the price of crude oil weighing on prices. * Soymeal futures rose on technical buying after falling in four of the previous five sessions. * China's soybean imports fell 24.5% in August from a year earlier, customs data showed on Wednesday, as high global prices curbed appetite for the oilseed. * The benchmark Chicago Board of Trade November soybean futures contract dropped 15-1/4 cents to settle at $13.83-1/2 a bushel. * CBOT December soyoil was down 1.18 cents at 62.1 cents per lb. * CBOT December soymeal ended up $4.70 at $411.50 a ton. The contract found support from early weakness at its 100-day moving average. (Reporting by Mark Weinraub; Editing by Andrea Ricci)

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