Soybean closes lower, snaps 6-day rally

Soybean prices fell on Tuesday, to snap a 6-day winning streak, which was made thanks to the strong Chinese demand that pushed prices to a 4-year peak on Monday.

Analysts expect the Chinese government will import millions of tonnes of US farm goods alongside other countries, led by Brazil, within Beijing's plans to secure its supplies of grains amid fears of the second wave of coronavirus.

The Chinese customs reported on Friday importing corn shipments for the first time in 9 months.

The dollar index fell against a basket of currencies by 0.2% to 92.8 points as of 21:39 GMT, after it hit a high of 93.1 and a low of 92.7.

Soybean November futures fell 0.5% to $10.82 per bushel, after hitting a high of $10.94 and a low of $10.81.