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REUTERS – GRAINS-Soybean prices drop to 3-mth low as S.American rains boost crops

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by December 22, 2017 General

GRAINS-Soybean prices drop to 3-mth low as S.American rains boost crops

Contributed by NAMPA / Reuters.

SINGAPORE, Dec 22 (Reuters) – Chicago soybean futures on
Friday fell for a seventh session, hitting a three-month low as
improved weather across Brazil and Argentina boosted
expectations for another bumper harvest in South America.
Wheat prices were little changed after rallying for the past
two sessions on the back of higher demand for U.S. shipments.

FUNDAMENTALS
* The soybean market is being dragged down by rains in
Argentina’s dr …

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