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SINGAPORE Chicago corn futures fell over 2% on Monday, hitting their lowest in more than a week, as improved outlook for supplies weighed on the market.
Wheat and soybeans slid about 2% each.
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“We are in the U.S. weather market and prices are volatile,” said Pranav Bajoria, a director at Singapore-based brokerage Comglobal. “We are also seeing demand destruction at these high prices.”
The most-active corn contract on the Chicago Board of Trade (CBOT) lost 2.7% to $6.66-1/4 a bushel, as of 0219 GMT, after hitting its lowest since June 3 at $6.53 earlier in the session. The new-crop December corn futures lost 4.5%.
Better supply outlook, fund selling weigh on market Chicago wheat, soybean futures drop more than 2% (Updates prices, adds CFTC positions and details)By Naveen ThukralSINGAPORE, June 14 (Reuters) - Chicago corn futures fell 3% on Monday, dropping to their lowest in more than one week, as improved outlook for supplies weighed on the market.Wheat and soybeans slid more than
Better supply outlook, fund selling weigh on corn Expectations of cool, wet weather in parts of U.S. Midwest Chicago wheat, soybean futures drop about 2% (Adds quote in paragraph 3, graphics, updates prices)By Naveen ThukralSINGAPORE, June 14 (Reuters) - Chicago corn futures fell over 2% on Monday, hitting their lowest in more than a week, as improved outlook for supplies
CORN AT 1-WEEK LOW ON IMPROVED SUPPLY OUTLOOK; WHEAT, SOYBEANS FALL | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
CHICAGO, June 11 (Reuters) - Following are U.S. trade expectations for the opening of grain and soy complex trading at the Chicago Board of Trade (CBOT) at 8:30 a.m. CDT (1330 GMT) on Friday.WHEAT - Down 5 to 7 cents per bushel Wheat futures fell overnight as weather models expect rainfall across parts of the Northern U.S.