SYDNEY: U.S. soybeans edged lower on Wednesday as expectations for increased plantings in North America, along with already ample global supplies, kept the oilseed tethered near a five-month low.
The most active soybean futures on the Chicago Board Of Trade fell 0.1 percent to $9.70-3/4 a bushel, having closed little changed in the previous session. Soybeans hit a low of $9.68-1/4 on Monday, the lowest since October, 2016. The most active corn futures were unchanged at $3.57-3/4, having gained 0.6 percent in the previous session. The most active wheat futures was little changed at $4.24-3/4 a bushel, having closed up 0.9 percent on Tuesday.
Soybeans were weighed down by ample global supplies, further stoked by U.S. plantings for next season, analysts expect.
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