Reading Time: 2 minutes U.S. wheat futures fell on Wednesday on technical selling and spillover weakness from European wheat markets amid thin export demand, while corn and soybeans stabilized after setting multi-year lows a day earlier.
South American rainfall, Chinese demand, good production outlook for U.S., Russian wheat weighing on prices
Wheat followed the firm trend, bouncing after a slide to one-week lows
Low prices dent economic impact
Chinese demand less certain as real estate crisis deepens there
Outlooks for large soy and corn crops in Argentina, optimism about Brazil's harvest set the tone
Total wheat production expected to increase to 33.3 million tonnes; total wheat carryout to 4.2 million
KC wheat firms on demand optimism
Total exports down, but percentage going to China increased
Analysts suggest farmers will grow less barley
Southern U.S. cotton crop could cap soybean acres