By Andrew Johnson Jr.
 
   Of DOW JONES NEWSWIRES
 
 
   CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures tumbled once
 again Monday, dropping their exchange-imposed daily trading limits on
 broad-based speculative liquidation, favorable crop weather outlooks and
 outside market influences.
 
   August soybeans settled 70 3/4 cents lower at $12.87 and November soybeans
 ended 70 cents lower at $12.95.
 
   December soymeal settled $20.00 lower at $346.00 per short ton. December
 soyoil finished 250 points higher at 55.31 cents per pound.
 
   "The market had all the right ingredients to press prices, with crude oil
 torpedoing lower, non-threatening weather and an absence of end user buying,"
 said Don Roose, president U.S. Commodities in West Des Moines, Iowa.
 
   Weather looks favorable for Midwest crops during the next two weeks, and that
 is sparking ideas the U.S. soy crop is getting bigger, not smaller, Roose
 added.
 
   Widespread liquidation across commodities was the key factor in the market,
 as the weather forecast and crop outlooks are the same as last week, a
 cash-connected CBOT broker said.
 
   Crude oil prices at the New York Mercantile Exchange were down sharply. Nymex
 copper prices were down heavily, precious metals prices were weaker and Asian
 soy and vegoil markets stumbled overnight as well.
 
   Pressure from bearish technical-chart formations helped accelerate the
 market's slide, with the ability of active contracts to gap below a recent
 sideways trading range and penetrate support at the psychological $13.00-per-
 bushel level uncovering pre-placed sell orders.
 
   Traders anticipate the defensive tone will carry over into the overnight
 session, with floor brokers saying November soybeans were synthetically trading
 at $12.75 bushel in the options pit at the close.
 
   The U.S. Department of Agriculture is scheduled to release its weekly crop
 progress report at 4 p.m. EDT. Analysts surveyed by Dow Jones Newswires
 anticipate U.S. soybean crop ratings to hold steady or decline by 2 percentage
 points in the good-to-excellent-condition category.
 
   In pit trades, buyers and sellers were scattered among various commission
 houses, with speculative fund selling estimated at 4,000 lots.
 
   CBOT soybean and soy product daily trading limits will expand Tuesday by
 virtue of their limit-down close. Soybean daily limits will expand to $1.05 a
 bushel, up from 70 cents. Soymeal limits will climb to $30.00 per short ton, up
 from $20.00, and soyoil daily price limits will expand to 350 points from their
 normal 250 points.
 
    SOY PRODUCTS
 
 
   Soy-product futures tumbled in unison with soybeans, dropping to their lower
 daily trading limits on fund liquidation seen across commodities in general,
 analysts said. Weakness in Asian soy and vegoil markets overnight added to the
 defensive theme in soyoil. Active soymeal futures dropped to two-month lows,
 while active soyoil contracts sank to four-month lows. Technical selling was
 featured as well, with the ability of the December soyoil contract to gap below
 its 200-day moving average attracting selling pressure.
 
   December oil share ended at 44.42%, and the November/December crush ended at
 74 1/2 cents.
 
   In soymeal trades, buyers and sellers were scattered among various commission
 houses, with speculative fund selling estimated at 3,000 lots.
 
   In soyoil trades, buyers and sellers were scattered among various commission
 houses, with speculative fund selling 4,000 lots.