The futures contracts Soy on the Chicago Stock Exchange fell on Wednesday due to technical selling and macroeconomic concerns, as traders awaited further information on the yield of the ongoing crop in USA.
Corn showed a slight increase.
November soybeans were down 13.75 cents at $13.6975 a bushel but were above a two-month low set on Monday at $13.6125.
The contracts of corn saw their fourth consecutive high after a shaky technical session as traders awaited further fundamentals.
December corn closed up 1 cent at $6.84 a bushel after moving between $6.7575 and $6.8750.
The contracts of wheat had mixed results, with the dollar (USDBLR) stronger pressing close contracts.
Longer wheat futures were supported by concerns over dry conditions in the U.S. plains, where farmers are planting the 2023 winter crop.
December soft red winter wheat fell 1 cent to $9.02 a bushel, while the July new crop contract ended up 4.75 cents to $9.0925.
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Source: Moneytimes
I am a journalist with over 6 years of experience working in the news industry. I currently work as an author for Global Happenings, and my coverage focuses on Technology news. I have written for various publications, including Reuters, The New York Times and The Guardian.
