CBOT corn, soybean futures fall as U.S. crop weather improves

On June 8, according to media reports, U.S. corn futures fell nearly 1% in early Asian trading on Thursday, while soybean futures fell for the first time in three trading days. Rain forecasts in the Midwest of the United States eased concerns about dry weather.

China’s soybean imports hit 12 million tonnes in May, up 24 percent from a year earlier, data from China’s General Administration of Customs showed, with losses in the soybean market limited due to strong Chinese demand.

Corn and soybean basis offers by barge to export terminals in the U.S. Gulf were mixed on Wednesday, with tight spot supplies supporting near-month offers but sluggish export sales weighing on far-month offers, traders said.