Soybean futures extended Monday’s declines in overnight trade and corn and wheat also fell after weekly USDA crop ratings exceeded expectations. Malaysian palm oil futures sank over 5% more for a second consecutive session after Indonesia raised its overseas volumes quota. Front-month crude oil futures rose slightly from closing at a six-month low Monday. U.S. stock index futures signal a lower open, while the U.S. dollar index is up around 200 points.
Grain, Soybean Futures Extend Monday’s Declines
Grain, soybean futures extend Monday’s declines following stronger than expected USDA crop ratings.
(Commodity Update)