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Soybean futures tumble 40 cents on week with rain relief expected for dry South American crops, wheat sinks to three-month lows.

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Ahead of the Open | January 14, 2022 Wheat futures seen extending slump near three-month lows, corn and soybeans slightly firmer.

Soybeans and wheat extended Thursday’s losses overnight, while corn mildly bounced after holding support at yesterday’s lows.

Corn futures close near one-month low, soybeans down sharply with rain relief predicted for South America; wheat extends slump.

Wheat futures expected to extend declines as USDA’s higher acreage, corn and soybeans also lower.