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Soybeans Decline as Traders Wait for China to Step Up Purchases

Key Points

Commodities Soybeans Decline as Traders Wait for China to Step Up Purchases Soybeans fell as top importer China has yet to make significant purchases after a weeklong holiday, and the supply outlook for the US remained ample. The most actively traded soybean futures on the Chicago Board of Trade dropped as much as 1%, extending a decline into a second day.

Commodities Soybeans Decline as Traders Wait for China to Step Up Purchases Soybeans fell as top importer China has yet to make significant purchases after a weeklong holiday, and the supply outlook for the US remained ample. The most actively traded soybean futures on the Chicago Board of Trade dropped as much as 1%, extending a decline into a second day.
China (LOCATION) US (LOCATION) the Chicago Board of Trade (ORG)
Originally published by Bloomberg Markets Read original →