Soybean finishes lower on stronger dollar

Soybean prices fell on Friday, as the US dollar rose against most currencies, which weighs down on commodities and metals prices.

Additionally, prices were weighed down after the US government's forecasts of heavy rains in the Midwest region, which supports the quality and abundance of crops.

The US Department of Agriculture reported that up to 12.6 thousand tonnes of US soybean shipments were canceled during the week ending August 13.

The dollar index rose against a basket of currencies by 0.6% to 93.3 points as of 20:38 GMT, after it hit a high of 93.4 and a low of 92.5.

The market's fear mounted over a second wave of the coronavirus crisis, which also weigh down on global demand for goods and economies.

Soybean September futures fell 0.3% to $9 a bushel, after hitting a day high of $9 and a low of $8.99.