CBOT soybeans futures end down

CHICAGO, July 13 (Reuters): Chicago Board of Trade soybean futures ended the week down on Friday despite turning positive following a US Department of Agriculture report that cut the US soybean production forecast.

Multiple soybean contracts hit lifetime lows and fell precipitously earlier in the week as weak demand and a hefty global supply of soy weighed.

Soybean end stocks for 2024/25 were forecast at 435 million bushels, lower than the expected 449 million bushels and a decrease from June's 455 million bushels.