Soybeans Drop as Rain Boosts South America Crops; Corn Steady
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Soybeans fell for a second straight
day on speculation that rain forecast during the next two weeks
will boost yield potential for crops in Brazil and Argentina,
the biggest exporters after the U.S. Corn futures were little
changed after paring losses.
As much as 2 inches (5.1 centimeters) of rain will boost
crops over the next two days in parts of Argentina that have not
received moisture for 17 days, with three more storms expected
during the next two weeks, QT Weather in Chicago said in a
report. Read more [...]