US MIDDAY: soya drops

23 Feb, 2012

US soyabean futures fell early on Wednesday on concerns that China, the world's top purchaser of soyabeans, may be forced to slow its imports amid signs of strain to the world's second-largest economy, traders said. At 10:14 am CST (1614 GMT), CBOT March soyabean futures were down 7 cents at $12.64 a bushel.
CBOT March corn was up 1-1/2 cents at $6.31 a bushel. Corn futures hit a low of $6.25-3/4, less than 1 cent below the 50-day average, earlier in the session. CBOT March wheat was down 1/2 cent at $6.32-1/2 a bushel. Spillover pressure from the MGEX spring wheat market weighed on CBOT prices. MGEX March spring wheat was down 3-1/2 cents at $8.13-1/4 a bushel.

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