CBOT soybeans end lower after hitting highest since July 2016

CHICAGO, Oct 22 (Reuters) - Chicago Board of Trade soybean futures dipped on Thursday on a round of profit taking after the most-active contract hit its highest since July 2016. * Strength in the cash market and robust export demand limited the declines. * Strong exports fueled gains in the soymeal and soyoil markets, with soymeal hitting its highest since May 15, 2018. * Private exporters reported the sale of 152,404 tonnes of soybeans to Mexico and 132,000 tonnes of soybeans to unknown destinations, the U.S. Agriculture Department said on Thursday morning. * Weekly export sales of soybeans totaled 2.226 million tonnes, the USDA said in a separate report. That was at the high end of market expectations that ranged from 1.5 million to 2.5 million tonnes and lower than a week earlier, when the total was 2.631 million tonnes. * Soymeal export sales totaled 321,900 tonnes and soyoil export sales were 37,000 tonnes. Last Net Pct Low High Volume chng chng SOYBEANS NOV0 1071.25 -0.75 -0.1 1063.50 1085.25 134093 SOYBEANS JAN1 1069.75 -1.75 -0.2 1063.00 1083.75 101204 SOY MEAL DEC0 381.50 2.70 0.7 376.80 390.80 67268 SOY MEAL JAN1 374.70 1.70 0.5 370.90 382.50 28374 SOYBEAN OIL DEC0 33.71 0.51 1.5 32.66 33.86 72207 SOYBEAN OIL JAN1 33.54 0.39 1.2 32.61 33.65 26776 (Reporting by Mark Weinraub; Editing by Andrea Ricci)

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