Home »Agriculture and Allied » World » US MIDDAY: soya lower, corn up

Soyabean futures on the Chicago Board of Trade were lower early on Tuesday, with the March contract dipping to a two-month low, on prospects for large South American soya crops. traders said. As of 9:36 am CST (1536 GMT), CBOT March soyabeans were down 4 cents at $9.70 per bushel after dipping to $9.66-1/4, the contract's lowest level since November 10.

March corn up 1 cent at $3.72-1/2 per bushel. Choppy, market receives some support from ideas that market is oversold ideas after spot month fell to a one-month low on continuous price chart. Additional support stems from signs of renewed export demand after last week's price plunge.

Copyright Reuters, 2010


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