US MIDDAY: soya drops
March 19, 2013
RECORDER REPORT
Chicago Board of Trade soyabean futures fell for the fifth day in a row on Monday, sliding to a one-month low on concerns about a bailout plan for euro zone member Cyprus and on availability of a large South American soyabean harvest.
Wheat turned down for the first time in seven trading sessions and corn slipped for the third consecutive session on risk-aversion that boosted the dollar while weakening commodities and equities. At 9:18 am CDT (1418 GMT) Chicago Board of Trade most-active May soyabeans were down 13-1/2 cents per bushel at $14.12-1/2. It earlier fell to $14.08-3/4, the lowest since February 15. May wheat was down 6 at $7.17 and May corn was down 4 at $7.13 a bushel. At 9:31 am CDT (1431 GMT), CBOT old-crop May corn was down 4 cents while new-crop December was down only 3 cents. Old-crop May soyabeans were down 13 cents and new-crop November was down 8 cents.
Copyright Reuters, 2013
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