Home » Business » Chicago Board of Trade Soybean Prices Fall for Third Consecutive Session, Month-end Gains Due to Exporting Support and Crop Concerns

Chicago Board of Trade Soybean Prices Fall for Third Consecutive Session, Month-end Gains Due to Exporting Support and Crop Concerns

Chicago Board of Trade soybean prices fell for the third consecutive session, Thursday, but ended the month higher after support from recent brisk exporting and concerns that dry weather could damage crops.

Wheat ended the session lower, pressured by ample global supplies.

Corn ended the day and month lower after well-timed rains earlier in the season supported US crops.

Chicago Board of Trade soybean futures lost 18 cents to $13.68, three-quarters of a cent a bushel, the biggest daily decline since Aug. 15.

Over the month, the most active soybean futures added 2.68 percent, the largest monthly gain since June 2023.

Chicago Board of Trade wheat futures lost five cents to $6.02 a bushel, after falling to $5.93 and a half, its lowest since June 1.

Over the course of the month, the most active wheat contract fell 9.69 percent, the largest monthly decline since November 2022.

Corn fell two and a half years to $4.78 and a quarter of a cent a bushel, down 6.58 percent during the month, the largest decline since June 2023.

2023-08-31 22:10:52
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