Soybeans and wheat fall due to more favorable weather in the US

Soybean futures in Chicago fell to five-week lows on Monday as warmer U.S. weather accelerated planting progress, quelling fears of adding soybean acres and further curtailing soybean planting. corn, traders said.

Wheat fell, but was underpinned by dry conditions in the US and French growing belts, which reinforced global supply concerns.

The most active soybean contract on the Chicago Stock Exchange lost 32.5 cents to $15,905 a bushel, after falling to $15.78, its lowest since April 4.

Corn fell 8 cents to $7.7675 a bushel, having earlier hit its lowest since April 13.

For its part, wheat fell 5.5 cents to 11.03 dollars a bushel.

Leave a Comment