BEIJING — Chicago soybean futures slipped on Thursday, weighed down by favourable weather in the US Midwest and selling pressure.
Corn rebounded after four straight sessions of losses.
The most-active soybean contract eased 0.12 percent to $10.17-2/8 per bushel, hovering near an 11-week low.
Corn rose 0.24 percent higher to $4.11-2/8 a bushel, though it remains near 2025 lows. Wheat traded flat at $5.44-4/8 a bushel.
Warm, rainy weather has created ideal growing weather for soybeans and corn in the US Midwest.
Selling pressure ahead of the first notice date for the July soybean, wheat and corn contracts added to the downside.
Corn and wheat also remain under pressure due to ample supply outlooks and favourable weather.
In Brazil, the National Energy Policy Council (CNPE) on Wednesday approved higher biofuel blending mandates, a move celebrated by renewable energy lobbies.
Agricultural consultancy Sovecon said on Wednesday it had slightly raised its forecast for Russian wheat production for 2025 to 83.0 million metric tons, citing improved crop conditions in parts of central Russia.
