Por Christopher Walljasper
CHICAGO, US, Oct 12 (Reuters) – Chicago soybean futures fell sharply on Monday as harvest pressure pushed the market down, traders said.
* Corn followed soybeans lower, while wheat finished slightly higher on concerns that dryness in the US Great Plains could limit winter grain growth.
* The most active soybeans on the Chicago Stock Exchange fell 31.75 cents to $ 10.3375 a bushel, the biggest drop since March 16.
* Corn lost 6 cents to $ 3.89 per bushel and wheat rose half a cent to $ 5.9425 per bushel.
* Soybeans fell from a two-year high on Friday, when the US Department of Agriculture cut supply estimates.
* The lack of export sales left room for market pressure to consolidate, traders said.
* The US bond market and federal agencies were closed on Monday for Columbus Day.
* “The USDA is closed. It shouldn’t be a surprise, but the market doesn’t like that we didn’t see any sudden sell-offs this morning,” said Ted Seifried, vice president of the Zaner Group.
* USDA is expected to report harvest progress in its weekly report on Tuesday after grain markets close.
(Report by Christopher Walljasper, Edited in Spanish by Javier López de Lérida)