(Bloomberg) -- Soybean futures in Chicago fell after
favorable rain over the weekend benefited crops in the U.S.
Midwest and on speculation a drop in global equity markets will
dent buying interest in commodities. Corn and wheat also declined.
There was rain over the weekend in parts of the Midwest,
including Iowa and Illinois, which may help growth of the soybean
crop, said Kenji Kobayashi, an analyst at Kanetsu Asset
Management Co. Asian stocks fell on concern losses in the U.S.
mortgage market may slow the world's biggest economy.
Read more at Bloomberg Commodities News
favorable rain over the weekend benefited crops in the U.S.
Midwest and on speculation a drop in global equity markets will
dent buying interest in commodities. Corn and wheat also declined.
There was rain over the weekend in parts of the Midwest,
including Iowa and Illinois, which may help growth of the soybean
crop, said Kenji Kobayashi, an analyst at Kanetsu Asset
Management Co. Asian stocks fell on concern losses in the U.S.
mortgage market may slow the world's biggest economy.
Read more at Bloomberg Commodities News
No comments:
Post a Comment