Soybean Futures Fall Most in Four Weeks in Chicago; Wheat Drops

Soybean futures for Jan. delivery fell 2% to $12.68/bu on the Chicago Board of Trade, the biggest drop for a most-active contract since Sept. 30.

  • Wheat futures for Dec. delivery declined 1.4% to $6.81/bu, the largest loss since Sept. 20
  • Widespread rain beginning Oct. 31 will ease drought conditions in Argentina and improve crop prospects in Brazil, the Commodity Weather Group LLC said today in a report
  • Winter-grain planting progressed in Russia and Ukraine, easing concerns that sowing delays due to wet weather will reduce production in the Black Sea region