GRAINS-Chicago soybeans rise, wheat falls ahead of USDA report
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Chicago soybean futures rose 0.02% to $11.11 a bushel as traders adjusted positions ahead of the USDA's crop report. Despite a confirmed sale of 264,000 metric tons of U.S. soybeans to China, market reactions were muted due to skepticism about further purchases. Analysts expect the USDA to raise Brazil's soybean harvest forecast to a record 179.4 million metric tons. Meanwhile, CBOT wheat fell 0.38% to $5.26-3/4 a bushel, influenced by abundant global supplies and weather conditions affecting Russian wheat exports.
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