None
EN
Soybeans rebound on demand hopes, corn dips on crop outlook - CBOT
[]
The Cattle Site
Corn futures retreated after rising for the previous three sessions in a rebound from contract lows set on Monday.
Both markets continued to face pressure from expectations for large US autumn harvests and mostly favourable crop weather in the world's biggest corn-producing country and second-largest soybean producer.
"We're marching to a crop, and the weather looks non-threatening," said Don Roose, president of brokerage US Commodities.
CBOT corn was down 3-3/4 cents at $4.20-1/4 a bushel.
"While price weakness attracted opportunistic demand, a favourable weather outlook could well see lows tested again in the weeks ahead," Rabobank analysts said.
['analysts'
'cbot'
'soybean'
'hopes'
'weather'
'rebound'
'soybeans'
'demand'
'corn'
'outlook'
'futures'
'crop'
'cents'
'dips'
'favourable']