CHICAGO, June 22 (Reuters) - Chicago Board of Trade soybean futures sank on Monday on falling crude oil prices.

• Abundant rainfall and moderate temperatures in the U.S. Midwest have curbed soybean prices this month, though traders say wet conditions and excess rainfall may start to impede growth.

• Market players are awaiting the U.S. Department of Agriculture's weekly crop progress report later on Monday afternoon, which will include condition ratings for the nascent corn and soybean crops.

• Analysts expect the USDA will report 66% of the soybean crop is in good to excellent condition, a Reuters poll showed.

• Traders are closely monitoring signs of renewed Chinese buying.

• The U.S. Department of Agriculture last week confirmed the sale of 132,000 tons of U.S. soybeans to China for delivery in the 2026/27 marketing year, marking the first publicly reported Chinese purchase since a May summit between Presidents Donald Trump and Xi Jinping.

• Another sale of soybeans to China was reported on Monday morning.

• Oil prices fell nearly 4% on Monday, as supply concerns eased after U.S. Vice President JD Vance said progress has been made in talks with Iran and the Strait of Hormuz was open. O/R

• The most-active November soybeans SX26 ended 1-1/4 cents lower to $11.41-1/2 a bushel.

• CBOT July soymeal SMN26 ended $1.50 lower to $299.80 per short ton.

• CBOT July soyoil BON26 finished 1.46 cent higher to 71.15 cents per pound.