SINGAPORE- Chicago soybean futures slid on Wednesday for the first time in three sessions, as an outlook for much-needed rains in Brazil eased worries about dry weather delaying planting in the world’s biggest exporter of the oilseed.

Wheat and corn prices fell.

“There is some improvement expected in Brazil as far as weather is concerned,” said one oilseed trader in Singapore. “Overall the supply and demand fundamentals are bearish for the soybean market.”

The most-active soybean contract on the Chicago Board of Trade (CBOT) was down 0.3 percent  at $10.39-1/2 a bushel, having risen on Tuesday to $10.58, its highest level since July 25.

Wheat lost 0.6 percent  to $5.74-3/4 a bushel and corn gave up 0.4 percent  to $4.10-1/4 a bushel.

The soybean market rallied on Tuesday after the central bank of China, the world’s top soybean buyer, announced broad monetary stimulus and property market support measures to revive its economy.