Commodities
Soy Slumps to Fresh Three-Year Low as Weather Signals Bumper Harvest
Workers harvest soybeans in Pace, Mississippi.
Photographer: Rory Doyle/BloombergThis article is for subscribers only.
Soybean prices plunged to a fresh three-year low as the outlook for rain in drier parts of the US Midwest helped quell emerging concerns about potential yield losses.
Futures for November delivery of the oilseed used in everything from chicken feed to truck fuel lost as much as 2.9% in Chicago to $10.18 per bushel, the lowest since October 2020 for a most-active contract.