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Soybeans Ease on Demand Concerns, Losses Limited by Adverse Weather

Wheat futures fall from three-month high, corn prices down


Chicago soybeans slid on Tuesday as the market fell from its highest in 16 months on concerns about dismal demand in top importer China, although the fall was checked by adverse U.S. weather.

According to a report at Successful Farming, wheat fell from a three-month high, while corn also lost ground.

"Demand destruction due to African swine fever is a major concern in China," said one Singapore-based trader. "It is hard for the market to rally in such circumstances."

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