Soybeans, wheat and corn fall to multi-month lows in the grain market
The grain market is trading lower, with Chicago unable to recover and external declines affecting local business. Corn hits a two-and-a-half-month low on the advance of the harvest in the U.S. Midwest and the unwinding of fund positions, despite a cut in French production. Wheat reaches a three-and-a-half-month low on ample global supplies and the flow of Russian and Ukrainian exports through alternative routes.
In 35 seconds
- Corn trades at a two-and-a-half-month low on active harvesting in the U.S. Midwest and fund selling
- Wheat hits a three-and-a-half-month low on greater export supply from Russia and Ukraine via alternative routes
- In the local market, soybeans for immediate delivery in Rosario were paid $550,000, with fixations at $560,000
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IASummary generated by artificial intelligence from a story by Agrofy News. It may contain errors: the original source prevails.
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