US wheat futures fell to a three-week low early on Tuesday as the harvest got under way in the southern US Plains and growing conditions improved in parched regions in Europe. Corn and soyabean futures edged higher, rebounding from Monday's sharp losses, on support from a weak dollar, which makes commodities priced in the US currency more attractive to importers.
Chicago Board of Trade July corn was up 1-1/2 cents at $7.33-1/2 per bushel and July soyabeans were up 2-1/4 cents at $13.85-1/2 per bushel. Each contract posted modest gains after falling more than 2 percent on Monday. CBOT July wheat was 8-1/2 cents lower at $7.35-1/4 per bushel. posting losses for a second day in a row. Spring wheat futures fell 2 percent, or 21 cents, to $10.21 per bushel at the Minneapolis Grain Exchange, after rising close to a three-year high on Monday.
Comments
Comments are closed.