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Print Print edition: 2017-03-31

US MIDDAY: soyabeans down

Published March 31, 2017 Updated March 31, 2017 12:00am

US soyabean futures fell to a five-month low on Thursday while corn and wheat weakened as traders adjusted positions ahead of US Department of Agriculture data due on Friday that was expected to show abundant supplies of each crop.
Prices for all three commodities eased less than 1 percent in relatively subdued trading before the USDA annual prospective plantings and quarterly grain stocks reports - data releases that typically result in increased volume and volatility.
Chicago Board of Trade May soyabean futures were down 4-1/4 cents at $9.64-3/4 per bushel at 10:47 am. CDT (1547 GMT), off their earlier multimonth low of $9.61. CBOT May corn was down 1/2 cent at $3.58 per bushel and CBOT May wheat down 3-1/2 cents at $4.22 per bushel, each holding above their 2017 lows reached on Monday.

Copyright Reuters, 2017

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