OREANDA-NEWS. February 11, 2015. Front-month soybean futures on the Chicago Board of Trade fell to a one-week low on Tuesday on plentiful global supplies of the oilseed, even after the US Department of Agriculture trimmed its forecast of 2014/15 ending stocks.

USDA in its February supply/demand report lowered its forecast of world soybean ending stocks, the amount of soy left over at the end of the marketing year, to 89.26 million tonnes, below an average of trade estimates for 90.44. million, but still the most on record.

USDA also cut its US soybean ending stocks forecast to 385 million bushels, from 410 million in January. But the figure is up from 92 million bushels at the end of 2013/14.

CBOT soymeal briefly rallied after USDA cut its forecast of 2014/15 world soymeal ending stocks, but closed lower as soybeans fell.

Cash offers for soymeal firmed in the interior US Midwest, supported by tight available supply through early March.

Soyoil fell after USDA raised its US soyoil ending stocks forecast to 1.505 billion lbs, from 1.430 billion in January.