iNVEZZ.com Wednesday, July 31st: Grain futures were mixed today, with soybean prices falling as investors focused on improving U.S. weather and crop prospects in the U.S. growing regions.
Weather forecasts pointed to favourable temperatures across most parts of the U.S. Midwest and Great Plains during the next few days, easing concerns over potential crop damage and sending the soybean price to a 17-month low. The future for September delivery on the Chicago Board of Trade (CBOT) fell to $12.3750 a bushel today, the lowest level since February 2012. Meanwhile, the November contract dropped to $11.9425, the lowest for a most-active contract since January 2012, but gained some ground later during the day, standing 0.19 percent higher at $12.2052 a bushel at 14:53 BST.
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