Corn, soybeans and wheat started the week of November 3 down on speculation that farmers in the U.S. will accelerate their harvest amid dry weather. Meanwhile, weather in South America has improved for planting.
More liquid meal conditions are undercutting soy, and concurrent gains in palm and crude oil prices failed to bolster soyoil prices. Wheat markets are struggling on news that the U.S. was shut out of a fresh Egyptian tender last weekend.
December corn futures fell 2.5 cents at $3.7425 per bushel November 2, while May lost 2.0 to $3.96.
January soybean futures dropped 6.25 cents to $10.43 per bushel in early Monday trading, while December soyoil dipped 0.04 cents to 34.76 cents per pound, and December soymeal slumped $4.9 to $384.1 per ton.
December Chicago Board of Trade wheat fell 3.25 cents to $5.2925 per bushel early Monday morning.
Crop marekts are starting the week rather poorly
Grains fall on harvest progress and profit taking