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Wheat Eases on Improved North American Weather

Corn dipped after Wednesday's strong gains, while soybeans edged higher

PIXABAY
PIXABAY

Chicago wheat futures lost ground on Thursday, with forecasts of rains in drought-hit U.S. and Canadian producing areas weighing on the market.

Corn dipped after Wednesday's strong gains, while soybeans edged higher, reports Successful Farming.

"The weather outlook seems to be evolving in crops regions (on) either side of the central Canada-U.S. border," said Tobin Gorey, director of agricultural strategy at Commonwealth Bank of Australia.

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