Soybean futures decline nearly one percent

Soybean futures fell nearly one percent in American trade as the dollar index settled higher, following earlier data from the US, the world's largest soybean producer and exporter, and ahead of the Federal Reserve policy meeting and the USDA's new report on agriculture supply and demand. 

As of 09:59 GMT, soybean futures due on January 15 fell 0.73% to $9.8250 a bushel from the opening of $9.8975, while the dollar index rose 0.01% to 93.91 from the opening of 93.90. 

Earlier US data showed the JOLTS job openings fell to 6 million jobs from 6.09 million in September, compared to expectations of 6.03 million, while investors now await the Federal Reserve policy meeting tomorrow. 

The USDA's report on global supply and demand for November showed the soybean productivity per donam stabilizing at 49.5 bushels per donam, same as October and slightly above expectations of 49.3 bushels.