US soybean futures fell on Friday as news of a new variant of Covid-19 discovered in South Africa sent the oil and equity markets down, with movements exaggerated by the low volume of trading in the grain markets. .
Soybeans for January in Chicago lost 13.5 cents to $ 12.5275 a bushel, the biggest contract drop since Nov. 4. For the week, CBOT’s most active soy contract lost 0.81 percent.
CBOT’s most active March wheat fell 10 cents to $ 8.4025 a bushel, while Chicago March corn gained 6.25 cents to $ 5.9175 a bushel.
During the week, wheat advanced 0.72% and corn gained 3.63 percent.
The Covid-19 variant prompted authorities in the European Union, Great Britain and India to announce stricter border controls, as scientists try to determine if the mutation is resistant to vaccines.
Reference-www.eleconomista.com.mx