10 June 2019

Corn, Soybeans Fall as Weather Allows More U.S. Plantings

News

Chicago corn and soybean futures fell on Monday with drier weather expected to allow U.S. farmers to push on with planting, while wheat prices also weakened.

The Chicago Board of Trade most-active corn contract fell 0.7% to $4.13 a bushel by 1127 GMT, adding to Friday’s decline of 1.1%.

“Grain markets are lower for a second straight session, with prices falling as farmers are expected to get a well-needed window of dry weather this week to complete planting,” brokerage Allendale said in a market note.

Source