HAMBURG, Jan 29 (Reuters): Chicago soybeans fell to their lowest in just over two years on Monday as more beneficial rain forecast in key producers Brazil and Argentina raised expectations of plentiful world supplies.
Corn also fell on the improving South American crop expectations. Wheat dropped in slack demand with few international purchase tenders issued, while Argentine wheat was approved for sale in China.
Chicago Board of Trade (CBOT) most active soybeans were down 0.7 per cent to $12.00-1/4 a bushel at 1218 GMT after earlier touching $11.98, their lowest since November 2021. Corn was down 0.9 per cent at $4.42 a bushel, remaining near three-year lows hit on Jan. 18 following recent crop-boosting rain in Brazil.
Soybeans hit 2-year lows
FE Team | Published: January 29, 2024 23:26:18
Soybeans hit 2-year lows
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