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Soybeans rise on US harvest rain and Brazil planting risks

Corn also edged higher as rain delays to harvesting were also forecast in parts of the US Midwest

Gus Trompiz & Naveen Thukral | Reuters  |  Paris/Singapore 

Chicago soybean futures rose for a second session on Thursday as rains were expected to slow the US harvest while dry conditions in Brazil also kept attention on weather risks to soybean planting in South America. Corn also edged higher as rain delays to harvesting were also forecast in parts of the US Midwest, though expectations for good yields were curbing corn and soy markets. Wheat dipped slightly, giving up earlier marginal gains to add to Wednesday’s 1.3 per cent decline. The cereal remained under pressure from beneficial rains for dry US wheat belts and stiff export competition ...

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First Published: Fri, October 06 2017. 01:48 IST
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