CHICAGO SOYBEAN FINISHES LOWER

Chicago Soybean finishes lower on Bearish outside markets

The Chicago Soybean futures fell Tuesday on the sell-off in energy market, and some light strength in “Greenback”.

Corn extended losses on expectation of drier weather in the US Midwest.

Wheat ended a bit higher.

The most active Corn contract for July delivery fell 10.75c, or 1.5%, to close at 7.2375 per bushel.

July Wheat added 1.50c, or 0.2%, to 7.9325 per bushel.

July Soybean fell 29.25c, or 2.1%, to 13.6375 per bushel.

A trader mentioned that a combination of Bearish outside market forces, including the Silver’s sell-off on hiked margin requirements, weakness in energy and rally in the USD, all helped to add to the negative tone in the Grains pit.

Paul A. Ebeling, Jnr.

(Source: http://www.livetradingnews.com/chicago-soybean-finishes-lower-41311.htm)