Chicago Board of Trade soybean futures tumbled near a two-year low on Wednesday as Brazilian crops benefited from improved weather and challenged U.S. exports on the global market, analysts said.
Wheat ended nearly unchanged after touching seven-week low on Tuesday
Lean hogs ended slightly up after early plunge
Conflicting South American soy crop forecasts roil trade; market processing USDA crop production report
Soybeans fell to lowest price in 26 months on larger Brazilian crops, U.S. yield
Feeder cattle firmed amid dropping corn futures
Lean hog futures also finished higher
Corn futures eased; wheat futures also slumped
Deferred live cattle futures and feeder cattle futures finished stronger
Corn, wheat futures were steady to up
Lean hogs rose on hopes that U.S. cash prices had reached bottom