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SINGAPORE- Chicago soybean futures slid for a second straight session on Monday, and corn ticked lower, pressured by rains in parts of the US Midwest.
Meanwhile, wheat rose on expectations of lower world output.
“(Soybean and corn) prices in the futures market are easing a little but people are still cautious,” said one Singapore-based grains trader. “In the physical market there is not much change. I think the market wants more evidence of improved crop output before further reduction in prices.”
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The most-active soybean contract on the Chicago Board Of Trade (CBOT) dipped 0.3 percent to $13.45-1/2 a bushel, after closing down 2.1 percent on Friday.
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