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Wheat Eases On Supply Pressure, Soybeans Up For Second Day

Published on Apr 22 2019 11:59 AM in Supply Chain tagged: Wheat / Commodities / Soybeans / Paywall

Wheat Eases On Supply Pressure, Soybeans Up For Second Day

Chicago wheat lost ground on Monday after finishing the last two weeks lower, as the market faced pressure from abundant world supplies and an outlook for a bumper northern hemisphere crop.

Soybeans rose for a second session although gains were checked by higher production in South America.

The wheat market is being weighed down by amply supplied world market. Wheat production in top exporters Russia and the United States is expected to be above average with crops benefiting from friendly weather.

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