Soybeans Tumble to Six-Month Low on Slowing Demand; Corn Slides
This article is for subscribers only.
Soybeans tumbled to the lowest since June on speculation that improving crops in South America will curb demand for U.S. supplies. Corn fell for the fifth straight week, the longest slump since September 2011.
As much as 3 inches (7.6 centimeters) of rain will fall in the next five days, maintaining favorable conditions for corn and soybeans in most of southern and central Brazil, World Weather Inc. said in a report. In Argentina, drier, warmer weather expected in the next 10 days will firm muddy soils and allow farmers to complete planting, the forecaster said.