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
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
Wheat, soy decline on bumper Brazil harvest, resilient Black Sea trade
Corn, soybeans fell as traders assessed a rainy forecast in South America
Traders continue to keep a sharp eye on Brazil weather forecast
Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans
Railways between U.S. and Mexico reopened five days after key trade routes closed
The Canadian dollar strengthened relative to its United States counterpart