BEIJING – Chicago soybean futures fell on Wednesday, weighed down by favourable weather conditions across the US Midwest and sluggish demand.
The most-active soybean contract on the Chicago Board of Trade (CBOT) dipped 0.05 percent to $10.09 per bushel by 0338 GMT, on track for a fourth consecutive session of fall.
Corn slipped 0.18 percent to $4.10 a bushel. Wheat dropped 0.42 percent to $5.28 a bushel, hovering near a seven-week low.
Forecasts for cooler Midwest temperatures and periodic rainfall in the US Midwest bolstered expectations for a big US harvest, pressuring corn and soybean futures.
Northern Hemisphere harvests and weak global demand kept wheat prices under pressure.
In top soy buyer China, demand for soybeans is expected to remain subdued during the peak US marketing season later this year. Record imports earlier in 2025 and soft demand from animal feed producers have led to a buildup in domestic soymeal inventories.
