Soybeans set for third straight weekly loss on Brazilian rains

05 Jan, 2024

SINGAPORE: Chicago soybean futures were little changed on Friday, with the market on track for a third weekly decline as much-needed rains across Brazil and forecasts for more wet weather eased concerns over yield losses.

Brazil soya hindered amid historic yield drop

Corn firmed but prices were poised to end the first week of 2024 in negative territory, while wheat was largely unchanged, having lost more than 2% this week.

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