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Chicago soybeans extend losses as US Midwest harvest expands
JAKARTA: Chicago soybeans fell for a second straight session on Tuesday as harvest activity picked up across the US Midwest following a spell of dry weather, while traders awaited the US Department of Agriculture’s weekly crop progress report due later in the day. The most-active soybean contract on the Chicago Board of Trade (CBOT) declined 0.87% to $12.76-1/2 a bushel by 0325 GMT. Basis bids for corn and soybeans shipped by barge to the US Gulf Coast declined on Monday as the Midwest harvest expanded following days of favourable dry weather, steering fresh grain supplies into marketing chann...
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