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Soybeans Fail to Join Rally of Other Grains

March 3, 2015 at 20:13 by Vladimir Vyun

Soybeans dropped while other grains rallied today. The oilseed declined as it looks like the two-week strike of truck drivers in Brazil has come to an end. Previously, soybeans were rallying on concerns about supply from the South American country.

Despite the current gains, other grains also remain in danger. Wheat is particularly vulnerable due to signs of ample supply and falling demand. All grains demonstrated losses on Monday.

May futures for corn went up 0.77 percent to $3.91 per bushel as of 20:09 GMT on CBoT today. Wheat gained 1.20 percent to $5.06 per bushel. At the same time, contract for delivery of soybeans 10.1225 per bushel.

If you have any questions and comments on the commodities today, use the form below to reply.

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