U.S. soybean futures fell to two-year lows below $12 a bushel on Monday, pressured by improving prospects for large South American harvests and worries about demand as top global soy buyer China struggles with a real estate crisis, analysts said.
Chinese demand less certain as real estate crisis deepens there
Outlooks for large soy and corn crops in Argentina, optimism about Brazil's harvest set the tone
KC wheat firms on demand optimism
Wheat futures ended up 2.4 per cent on technical buying and weakness in the dollar
Gains limited by sizable South American crops; doubts over Chinese demand hangs over market
Crude oil futures rose almost 2 per cent on supply disruptions, supporting soy
Short-covering, positioning and U.S. export demand advance corn and wheat Friday
Data largely neutral for cattle futures, analysts say
Cattle lighter after severe winter weather traders say
Beneficial rains have eased concerns about crop damage in Brazil from drought