date:May 10, 2016
, down 0.05 percent at $4.63-1/2 a bushel after rising to $4.67 earlier in the session.
Soybeans are drawing support on expectations of strong demand for U.S. supplies on the back of crop damage in Argentina following unseasonable rains at harvest time.
Chinas soybean imports climbed 33 percent in April from a year ago, setting a monthly record amid strong demand for soymeal and soyoil.
The country bought 7.07 million tonnes of soybeans in April, up 15.9 percent as compared with the previous