Chicago Board of Trade soybean futures dropped to their lowest level in more than two years on Thursday and corn futures set a three-year low before the markets turned higher on short covering and technical buying, analysts said.
Beneficial rains have eased concerns about crop damage in Brazil from drought
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
Project expected to significantly increase ADM's capacity at the Great Lakes port
Lean hog futures also finished higher
Corn futures eased; wheat futures also slumped
Deferred live cattle futures and feeder cattle futures finished stronger