Soyabean futures on the Chicago Board of Trade were lower early on Wednesday as traders took profits from Tuesday's broad, dollar-driven commodities rally and adjusted positions ahead of a monthly US government crop report on Friday, traders said. Optimal harvest weather in the US Midwest corn and soy belt added pressure.
But corn and wheat futures were choppy, underpinned by continued weakness in the dollar. CBOT grain and soy complex trends at 10:10 am CDT (1510 GMT) on Wednesday. December wheat down 1/4 cent at $6.63-1/4 per bushel. December corn down 1/2 cent at $4.90-1/2 per bushel. November soyabeans down 6-1/2 cents at $10.65-1/4 a bushel Lower on technical selling and profit-taking after Tuesday's dollar-driven rally. Optimal US harvest weather adds pressure. Market underpinned by uncertainty ahead of USDA's Friday crop report, and brisk demand for soyabeans, especially from China.
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