Wheat Retreats on Harvest Pressure; Corn, Soy Mostly Lower
U.S. wheat futures fell about 2% on Monday on seasonal pressure from the start of the Northern Hemisphere winter wheat harvest while corn futures sagged on favorable crop weather, traders said.
Soybean futures were mostly lower on good growing conditions in the Midwest crop belt, but nearby contracts were choppy, supported by optimism over U.S.-China trade talks being held in London.
As of 12:59 p.m. CDT (1759 GMT), Chicago Board of Trade July wheat was down 11 cents at $5.43-3/4 per bushel, snapping a three-session...
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