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Soybeans falls from near 3-month high

Soybeans falls from near 3-month high

On Monday (June 22, 2020), US soybean futures fell backwards. The last session had a three-month high. Because, the gain of US dollar rejected the possibility of such export. Yet China maintained expectations of demand kept losses in check.

* The most active soybean futures on the Chicago Board Of Trade were down 0.1% at $8.75-1/2 a bushel by 0110 GMT, having firmed 0.4% on Friday when prices hit a April 1 high of $8.80-1/2 a bushel.

* The most active corn futures were down 0.3% at $3.31-1/2 a bushel, having gained 0.5% in the previous session.

* The most active wheat futures were down 0.2% at$4.80-1/4 a bushel, having closed up 1.1% on Friday when prices hit a September 2019 low of $4.76 a bushel.

* Talks last week between U.S. and Chinese officials encouraged hopes that Beijing would continue to buy American farm goods as called for under a trade agreement.

* The condition of French soft wheat was stable for the third week in a row last week, data from farm office FranceAgriMer showed on Friday, suggesting showers and moderate temperatures have brought some relief to crops after a very dry spring. Find more…

Source: Online/SZK

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