7/27/2021
* Chicago wheat futures fall for fourth day
(Updates throughout, adds commentary)
By Stephanie Kelly
NEW YORK, July 27 (Reuters) - Chicago soybean rose for a
second consecutive session on Tuesday, after a weekly U.S.
government report showed crop conditions deteriorated
unexpectedly last week.
Corn and wheat both fell as traders took profits at midday
after prices rose in the session.
"It's a trading range without much conviction," said Brian
Hoops, senior market analyst at Midwest Market Solutions. "There
was profit-taking that pushed the (corn and wheat) market lower
after being higher overnight."
The most active soybean contract on the Chicago Board of