U.S. soybean futures slumped on Wednesday on rising supplies from the ongoing U.S. harvest and concerns about a delay in finalizing a “phase one” trade deal with China that could speed imports by the world’s top buyer, reportsReuters.
Corn also weakened on harvest pressure and dull demand for U.S. supplies, while wheat firmed on technical buying and short-covering as adverse weather has reduced wheat production prospects in the southern hemisphere.
According to theReuters报告,特朗普和下巴总统会晤ese President Xi Jinping to sign aninterim trade deal could be delayed until December triggered selling at midmorning, pushing soybeans to session lows.
