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CBOT soybeans, corn slide to multi-week lows as harvest advances
BEIJING: Chicago soybean and corn futures edged lower on Tuesday after investors trimmed bullish bets as harvesting advanced across the US Midwest and forecasts pointed to mostly favourable fieldwork weather this week. The most-traded soybean contract on the Chicago Board of Trade (CBOT) fell 0.16% to $12.51-1/2 a bushel by 0332 GMT, touching an eight-week low. Although scattered rain delayed fieldwork in parts of the Midwest last week, forecasters said they expect drier conditions through week’s end. The US Department of Agriculture reported on Monday that 64% of the soybean crop and 44% of t...
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