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Chicago soybeans fell 0.4% to $14.64-1/4 a bushel on Dec 1, after a two-month high the previous session. Wheat and corn also declined, with wheat weighed by ample Black Sea supplies.
Traders cited hopes that China would relax COVID-19 restrictions.
Hopes for a recovery in Chinese demand limit downside for soybeans, though ample Black Sea wheat supply keeps grain prices under pressure.
financialpost.comReutersDec 1, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
