Reuters reports U.S. grain and soybean futures slumped on Tuesday with strong crop ratings and increased forecasts for global harvests pushing Chicago Board of Trade wheat to a one-month low.
Wheat prices came under pressure after the U.S. Department of Agriculture, in a weekly report issued late on Monday, rated 60 percent of the U.S. winter wheat crop in good to excellent condition.
Other notes:
- U.S. crop ratings, increased Russian forecast curb wheat
- Corn ticks down after rising on U.S. planting delays
- Soybeans also subdued, investors await U.S.-China news
See the full report here.
