Soybean futures slide below $10

Soybean futures dropped nearly one percent in American trade away from the highest since July 28 for the second straight session, as the dollar index gained ground, following earlier data from the US, the world's largest soybean producer and exporter. 

As of 08:58 GMT, soybean futures due on November 15 declined 0.92% to $9.9100 from the opening of $10.0025, while the dollar index rose 0.22% to 93.29 from the opening of 93.09. 

Earlier US data showed the Empire State Manufacturing Index rose to 30.2 in October from 24.4 in September, passing expectations of 20.3. 

Otherwise, the US Department of Agriculture's October report on global demand and supply cut expectations of productivity per donam by 0.4 bushels to 49.5 bushels per donam, compared to expectations of 49.9 bushels, with the USDA forecasting total production for the agriculture year ending August 2018 at 430 million bushels, down from 475 million in September forecasts, while analysts predicted 452 million bushels.