SINGAPORE- Chicago soybean futures slid on Tuesday, trading close to the previous session’s lowest level in more than three years amid expectations of ample world supplies.
Corn and wheat edged higher as traders adjusted positions ahead of key reports on demand and supplies expected later this week.
The most-active soybean contract on the Chicago Board of Trade (CBOT) fell 0.1 percent to $11.95 a bushel. Corn added 0.2 percent to $4.43-1/2 a bushel and wheat gained 0.5 percent at $5.93 a bushel.
Soybeans dropped to their lowest since December 2020 on Monday at $11.79-1/2 a bushel.
In the agricultural market, the focus is on a slew of government reports slated to be released on Thursday.
The data includes the US Department of Agriculture’s (USDA) monthly supply and demand report, Brazil’s CONAB monthly corn & soy production estimates, and Statistics Canada’s grain stocks report.
