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Soybeans, Corn Drop on Demand Concerns

Coronavirus restrictions seen hurting feed grain demand


Chicago corn and soybean futures slid around 1% on Tuesday, weighed down by a broad commodity sell-off on concerns over rising COVID-19 cases in key consumption centers, reports Reuters.

Wheat lost ground, giving up some of the last session’s strong gains although expectations of lower output in top exporters Russia and the United States limited decline.

Asian stocks slipped as the Delta coronavirus variant spread in key markets in the region and put Chinese authorities on high alert, rattling investor confidence.

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