Grains Wrap: Wheat Leads Losses as SOYB and CORN Dip

Key Facts

SOYB eased to US$25.16 as the soybean-tracking fund slipped 0.08% with Brazil’s massive crop offering stiff competition even into a hesitant China.

CORN dropped -0.62% to US$17.65 weighed by benign US Midwest weather and Brazil’s aggressive corn export campaign out of ports like Santos.

WEAT slid 3.29% to US$23.81 its steepest decline of the three, pressured by plentiful Black Sea cargoes and solid Argentine harvest prospects.

China’s cautious buying tempered demand as tighter crushing margins for soybeans encouraged some processors to delay cargo purchases from Brazil and Argentina.