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7/7/2021
SINGAPORE, July 8 (Reuters) - Chicago soybean futures gained
more ground on Thursday as concerns over declining condition of
the U.S. crop underpinned prices.
Corn rose for the first time in four sessions, while wheat
eased.
FUNDAMENTALS The most-active soybean contract on the Chicago Board of
Trade (CBOT) rose 0.2% to $13.30 a bushel, as of 0100 GMT. Corn climbed 0.4% to $5.33 a bushel and wheat
slid 0.2% to $6.21 a bushel. The U.S. Department of Agriculture, in a weekly report,
surprised the market by lowering its good-to-excellent rating
for the nation s soybean crop to 59% from 60%. Protests by workers in Argentina s key grains hub Rosario
KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today amidst cautious sentiment over the global market situation, with investors on the lookout for economic data to be released soon, a dealer said.