Soybeans Drop After Biggest Gain in Three Weeks as Rain Subsides - Bloomberg

Soybeans Drop After Biggest Gain in Three Weeks as Rain Subsides - Bloomberg:

"Wheat for December delivery was little changed at $6.89 a bushel after climbing to $6.98 yesterday, the highest level for a most-active contract since June 24. Prices rose on speculation that excess rain will reduce harvests in the Black Sea region, boosting demand for the grain from the U.S., the top exporter.
Ukraine’s winter-wheat planting may be 30 percent less than targeted after record rainfall, said the national weather center in Kiev Sept. 27. In Russia, winter-grain sowing may be as low as 13 million hectares (32 million acres), less than the intended area of 16.4 million, the Grain Union said the same day.
Corn for December delivery was little changed at $4.3975 a bushel, heading for a 3.1 percent decline this week."

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