Soy -futures expand losses on favorable US weather, poor question | Einsmark news

By Tom Polannek Chicago, – Chicago Board of Trade Soybean Futures fell for the fourth consecutive session on Wednesday, dragged by favorable weather into the US Midwest and sluggish export question, analysts said. Wheat futures also weakened, while wheat futures were higher. Forecasts for cooler temperatures and periodic rainfall in the midwest reinforced expectations for large American soy and wheat crop. According to weather forecast firm Vaisala, rain has improved the conditions for the crops over the past week. “Most Midwest crops remain well wet,” the US Department of Agriculture said in a daily weather report. Most active soybean futures finished 13-3/4 cents at $ 9.95-3/4 per bush helmet and their lowest price determined since April 9. Farmers are expected to harvest a significant harvest, as US export question is under pressure from President Donald Trump’s trade dispute with top importer China. US and Chinese officials agreed on Tuesday to seek an extension of their 90 -day tariff resistance. China’s appetite for soybeans is likely to weaken later this year during the peak US marketing season, as record imports stopped earlier in 2025 and the clumsy demand for animal feed producers at home, trade resources said. CBOT SOYMeal futures set contracts, while the futures of soy oil from the contract heights were switched off. In other question news, Bangladesh approved the purchase of about 220,000 tonnes of US wheat as part of the efforts to cool off trade tensions, a Dhaka official said. CBOT wheat finished 6 cents with $ 5.23-3/4 per bushel, while KC wheat ended higher. CBOT wheat closed 1-1/4 cents higher at $ 4.12-1/4 per bushel, as short covering and technical buying helped to support prices, traders said. The Asian demand for wheat was also fast. The USDA is expected to issue weekly US grain and soybean export sales data on Thursday. The agency is likely to increase its estimate of US wheat yields in a monthly crop report owed on August 12, traders said. They have already linked a return above the latest estimate of the agency for 181 bushels per acre. This article was generated from an automated news agency feed without edits to text.