(Bloomberg) -- Soybeans may drop from a three-year
high on the Chicago Board of Trade, and corn might fall as rains in
the U.S. Midwest revive crops threatened by dry weather.
Thirteen of 23 traders, farm advisers and merchants surveyed
June 22 said to sell soybeans and 12 said corn will fall. Soybeans
for November delivery last week fell 5.7 percent to $8.3075 a
bushel after rising for seven weeks. December corn tumbled
8.9 percent to $3.815 a bushel, the largest weekly drop since July
1997. Corn is still up 66 percent from a year ago.
Read more at Bloomberg Commodities News
high on the Chicago Board of Trade, and corn might fall as rains in
the U.S. Midwest revive crops threatened by dry weather.
Thirteen of 23 traders, farm advisers and merchants surveyed
June 22 said to sell soybeans and 12 said corn will fall. Soybeans
for November delivery last week fell 5.7 percent to $8.3075 a
bushel after rising for seven weeks. December corn tumbled
8.9 percent to $3.815 a bushel, the largest weekly drop since July
1997. Corn is still up 66 percent from a year ago.
Read more at Bloomberg Commodities News
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