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Tuesday May 07, 2024

Soybean falls

By our correspondents
April 26, 2017

SINGAPORE: Chicago soybeans lost ground on Tuesday with the market falling from last session´s three-week high as rapid U.S. planting weighed on the market.

Corn edged lower, giving up some of Monday´s gains, while wheat slid a third session, pressured by ample world supplies. The Chicago Board Of Trade most-active soybean contract fell 0.4 percent to $9.68 a bushel by 0336 GMT.

It touched $9.72-1/2 a bushel on Monday, highest since March 29. Corn gave up 0.3 percent to $3.64-1/2 a bushel, having gained 0.5 percent in the previous session.

Wheat lost 0.3 percent to $4.18 a bushel, after dropping 0.4 percent on Monday and 0.2 percent on Friday.