Grains-soybeans extend drop to 3-week low as USDA sees bulging stocks
Story Date: 8/15/2018

 

Source: AGRICULTURE, 8/13/18

Chicago soybeans fell on Monday to their lowest in over three weeks, adding to steep losses in the previous session when
U.S. government forecasts of record production and inventories fanned concern about a trade dispute with top soybean importer China. Corn also extended a decline, reaching a 2-1/2 week low, after Friday's U.S. Department of Agriculture (USDA) monthly crop report pegged this year's U.S.corn yield above market expectations at a new record.

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