Soybeans prices drop by 6 to 9 ½ cents, with cash bean prices at $10.53 1/4. Soymeal futures decrease by $5.40, and soy oil futures by 32 points.

Soybean export bookings hit 919,447 MT, slightly below last year. Soy meal sales reach 328,300 MT, while bean oil sees net reductions of 11,800 MT.

USDA announces 462,000 MT soybean sales to China, totaling 1.812 MMT. Managed money increases net short in soybean futures and options to 38,712 contracts.

Soybean prices continue to decline, with Jan 26 soybeans at $11.26 3/4, nearby cash at $10.53 1/4, Mar 26 soybeans at $11.36 1/4, and May 26 soybeans at $11.45.

Read more at Yahoo Finance: Soybeans Fading Lower at Midday