Chicago soybeans edge lower as market watch for more China demand
DBA•Other market news and scheduled data
Oil prices gained on Tuesday as the market steadied after several days of declines, with investors awaiting developments on potential US-Iran talks at the United Nations General Assembly this week.
DATA/EVENTS (GMT)
- 1400 EU Consumer Confid. Flash Sep
Black Sea grain disruptions remain a supply concern
In major grain producing Black Sea regioin, the largest Ukrainian drone attack reported so far on the Moscow region killed three people and damaged an oil refinery, while an overnight Russian attack on the Kyiv region killed four people, authorities said on Sunday.
Russian companies have been re-purposing fertilizer, coal, and other cargo terminals at Russia's Baltic and Arctic ports to handle grain exports after Ukrainian drone attacks disrupted shipments through the Black Sea, five sources said.
Both Russia, the world's largest wheat exporter, and Ukraine saw a drastic reduction in grain exports due to tit-for-tat attacks on vessels and ports in the Black Sea over recent months.
In the previous export season, almost 90% of Russia's seaborne grain exports were shipped through the Black Sea.
Soybeans edge lower as traders watch for China demand
BEIJING, Sept 22 (Reuters) - Chicago Board of Trade soybean futures fell on Tuesday as traders continue to monitor if the meeting between US President Donald Trump and Chinese President Xi Jinping this week could spur more Chinese buying of American supplies. Wheat fell and corn was unchanged.
The most-traded soybeans on the Chicago Board of Trade Sv1 fell 0.2% to $13.25-1/4 a bushel by 0258 GMT. CBOT wheat Wv1 dropped 0.3% at $7.24-1/5 a bushel, while corn Cv1 was flat at $5.43 a bushel.
