Reading Time: 2 minutes Chicago Board of Trade soybean futures extended recent losses on Thursday as the market remained under pressure from rains in dry areas of Brazil and expectations for more beneficial showers.
Wheat futures rebounded from one-month low; corn stabilized
Warm weather means less feed needed, easier movement says analyst
Corn consistently below moving averages a bearish sign says analyst
A two-week high in the U.S. dollar also hung over agricultural markets
Corn set a contract low in front-month futures; wheat futures declined
Corn traders were covering shorts and putting on some new longs as New Year rolled in
Wheat, soy decline on bumper Brazil harvest, resilient Black Sea trade
Corn, soybeans fell as traders assessed a rainy forecast in South America
High Canadian dollar behind lower corn trading
Traders continue to keep a sharp eye on Brazil weather forecast