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Soybean futures drop to two-month low as dollar gains, harvest advances; corn and wheat also lower.

Weekly export sales data for week ended Sept. 29 proved uninspiring with corn over 120K MT short of expectations, while wheat was slightly above. Soybeans landed on the low end of pre-report estimates.

Expansion of drought will add to low water levels and shipping disruptions along the Lower Mississippi and Oho river valleys.

Corn, soybean and winter wheat futures traded lower overnight as outside markets provided price pressure.

Basis continues to fall for both corn and soybeans amid seasonal pressure during harvest and shipping problems to the Gulf given low water levels.

Soybeans fall near two-month lows as U.S. harvest accelerates; wheat futures firmer on supply concerns, dryness in Plains.