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Corn futures drop near two-week low on corrective pressure, soybeans decline for first day in past eight, wheat lower.
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Corn futures drop to lowest level in over a week on corrective pressure, soybeans and wheat also lower.
Covid policy reaches a turning point as countries start opening up, changing positions
Soybeans were pressured by profit-taking and corrective selling overnight, while the corn and wheat markets faced followthrough selling to Wednesday’s losses.
Soybean basis slipped only a penny as the cash price surged over $1 during the past week.
Soybean futures post contract highs fifth straight day on smaller South American outlook; corn, wheat erase early gains, end lower.