- Corn fell as much as 1.7% in Chicago, giving back part of earlier gains tied to optimism for China sales.
- Soybeans declined as China moved to release domestic reserves to make more room for incoming cargoes.
- Wheat dropped as much as 2.1% to its lowest since Aug. 26 on better rainfall for US planting.
- No US crop sales to China were reported this week ahead of Thursday’s summit between President Donald Trump and Xi Jinping.
Quotes
“Crop prices were dropping with no sales of American supplies reported to China so far this week ahead of Thursday’s summit between US President Donald Trump and his Chinese counterpart Xi Jinping.”
“Corn eased by as much as 1.7% in Chicago, giving back a portion of gains from earlier in the week linked to optimism for sales to China.”
“Soybeans also fell even as China moved to release supplies from domestic reserves to make more room for incoming cargoes.”
“Wheat slid as much as 2.1% to the lowest since Aug. 26 amid better rainfall for US planting.”