By Andrew Johnson Jr.
   Of DOW JONES NEWSWIRES
 
 
   CHICAGO (Dow Jones)--Chicago Board of Trade soybean futures ended lower
 across the board Monday, tumbling on speculative led sales attributed to
 bearish economic influences.
 
   CBOT March soybeans settled 26 cents lower at $8.48 1/2, and May soybeans
 ended 28 cents lower at $8.44. November soybeans settled 34 1/2 cents lower at
 $7.93.
 
   May soy meal settled $9.00 lower at $260.80 per short ton. May soyoil
 finished 77 points lower at 30.34 cents per pound.
 
   The combination of sharply lower crude oil futures, the Dow Jones Industrial
 Average tumbling below the 7,000 level, and a firmer U.S. dollar served as
 catalysts to attract speculative sales, analysts said.
 
   Economic woes in conjunction with falling financial markets sparked an exodus
 from riskier products to the safe havens of U.S. Treasuries, gold and the U.S.
 dollar, said Mike Zuzolo, analyst with Risk Management Commodities in
 Lafayette, Ind.
 
   In the absence of fresh supportive fundamental news, futures had less need
 for premium in the market, with outlooks for demand from China to decline and
 favorable late season weather for Argentina crops adding to the losses, Zuzolo
 added.
 
   The most active May future's intraday low of $8.38 1/4, was the lowest level
 for the contract since December 10.
 
   The market is taking into effect the possibility of reduced export demand,
 with Chinese buying likely headed to South American origins and with technical
 weakness and a sluggish domestic crush, there was no reason to rally prices,
 analysts said.
 
   Looking ahead, traders will eye developments in the rift between Argentina
 farmers and the government, as a renewal of a farmers strike is seen supporting
 U.S. exports.
 
   Argentina is studying the creation of a new federal entity to control the
 trade of grain and beef - allowing the government to dominate the market - but
 is apparently stopping short of the full nationalization that the press last
 week said was in the pipeline.
 
   Talk of the new agency comes amid tense negotiations between the farmers and
 the government to avoid a repeat of last year's crippling farm strikes.
 
   In pit trades, speculative fund selling was estimated at 3,000 lots.
 
    SOY PRODUCTS
 
 
   Soy product futures ended lower, succumbing to speculative sales associated
 with the negative economic outlooks of the market. Sharp declines in crude oil
 futures affected soyoil, while the threat of lost export demand and slow
 domestic demand helped cement soymeal in negative territory, analysts said.
 
   May oil share ended at 36.79% down from Thursday's close of 36.57%. The May
 crush ended at 63 1/2 cents.
 
   In pit trades, speculative fund selling was estimated at 2,000 lots in both
 soyoil and soymeal.