September 15, 2011

Soybean futures fall for a third consecutive day

US soybean futures fell again for the third day again, extending the losses on increased supply expectations. Soybean dropped nine cents to $13.82 (€10.023) a bushel, wheat and corn rose slightly on the Chicago Board of Trade, the prices were pressured by federal forecasters projections that farmers will harvest more soybean than previous expected. The market has taken a dive since the US Department of Agriculture on Monday unexpectedly raised its outlook for output and inventories. Read more ...

This blog is written by Martin Little, The Global Miller, published and supported by the GFMT Magazine and the International Milling Directory from Perendale Publishers
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