GRAINS-Corn prices drop 1.4% on favourable U.S. weather; wheat eases [Reuters (UK)]
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Source: Reuters
GRAINS-Corn prices drop 1.4% on favourable U.S. weather; wheat eases - Reuters 3 Min Read * Chicago corn futures lose ground after Friday’s higher close * Milder weather in parts of U.S. Midwest boosts crop expectations (Adds details, quote) By Naveen Thukral SINGAPORE, Aug 19 (Reuters) - Chicago corn futures lost ground on Monday, giving up some of previous session’s gains as crop-friendly weather over the weekend in parts of the U.S. Midwest boosted hopes of bumper production. Wheat slid almost 1%, falling for two of three sessions on supply pressure, while soybeans dropped amid prolonged U.S.-China trade war. The most-active corn contract on the Chicago Board of Trade was down 1.4% at $3.75-1/4 a bushel, as of 0233 GMT, having gained 2.6% on Friday. Soybeans were down 0.7% at $8.74 a bushel, having firmed 1% on Friday and wheat dropped 0.9% to $4.73 a bushel, after closing up 1.8% in the previous session. “Seems it was a weekend of pretty favourable weather in the U.S. Midwest,” sa
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