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June 22, 2018 | Successful Farming
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Grains, Soybeans Head for Another Weekly Drop

Losses due to deepening trade dispute between U.S. and China

Grains, Soybeans Head for Another Weekly Drop

Chicago soybean futures steadied on Friday but were still on course for a fourth straight weekly loss due to a deepening trade dispute between the United States and top soybean importer China.

Successful Farming reports corn futures were also set for a fourth weekly decline in a row, similarly sapped by trade risks and favourable growing conditions in the U.S. Midwest corn and soybean belt.

Wheat prices ticked lower but were underpinned by the prospect of weather-reduced production in Russia and China.

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