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Soybeans Drop for Second Session

IGC cut 2021/22 world wheat crop forecast by 1 MT

Chicago soybean futures slid for a second straight session on Monday and corn also dropped, pressured by forecasts for rain in parts of the U.S. Midwest grain belts.

Successful Farming reports that wheat rose on expectations of lower world harvests.

The International Grains Council cut its 2021/22 world wheat crop forecast by 1 million tonnes to 788 million tonnes, with the diminished outlook for North America only partially offset by improved prospects in the European Union.

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