Soybeans plunged to a four-month low after a U.S. government report showed that August rains helped revive Midwest yields more than forecast, after the worst drought in five decades. Corn was little changed.
Soybeans rose the most in a week after a government report showed increased U.S. sales of vegetable oil to China, the world’s largest consumer.
What follows are opening calls for U.S. grain and oilseed markets.
Soybeans declined for a second straight session on slowing Chinese demand for supplies from the U.S., the world’s biggest shipper. Corn fell on signs of weakening exports.
Wheat futures fell for the first time in three days on speculation that global demand for food and raw materials will shrink as China takes steps to slow growth.
Soybean futures rose to a one-week high on increased sales of U.S. supplies to China, the world’s biggest oilseed consumer. Corn also gained.