Chicago Board of Trade (CBOT) soybean futures drifted lower on Monday, amid ongoing pressure from a hefty global supply and signs of investors hunting for profits, traders said.

Hefty global grain supplies, competition for export business anchor prices
Increased projections for South American corn, soybeans, U.S. wheat carryout
Low exports, declining Black Sea, European milling wheat prices pressure U.S. wheat
Weak prices for maize could encourage planting other crops
Corn, soy firm ahead of USDA data
Barley prices should decline in later spring as growers sell, analyst says
Corn drifted upward, soybeans declined
Government, groups pool more than $20 million in research dollars