May 22, 2013
US grains down on rain relief
Chicago Board of Trade soybeans, corn and wheat weakened for the third day in a row early today due to forecasts for rain in the drought-stricken US Midwest.
Light showers with some locally heavier amounts were received in the US Midwest crop belt overnight yesterday which will provide some relief from the historic drought, agricultural meteorologist Andy Karst of World Weather Inc said.
Chicago Board of Trade November soybeans lost 17-3/4 U.S. cents early to US$16.11-1/4 per bushel, weakening -1.38%. Wheat was edging lower by -0.99% and corn was dropping -1.3%