Soybeans flat as US harvest pressure weighs; corn firms

Business Recorder reported on Thursday that Chicago soybean prices showed little movement, as pressure from the US harvest limited gains. Corn prices edged higher after a recent setback, but expectations for a large crop continued to restrain the market. The report did not provide specific price levels or quantify either crop’s move.

Wheat also recovered, following a decline in the previous session that had taken it to a low not seen for more than three months. Business Recorder attributed that earlier weakness to optimism about diplomatic efforts to reduce the Russia-Ukraine conflict. Taken together, the report describes differing crop-price trends, with harvest and crop-size expectations weighing on soybeans and corn, while wheat rebounded from its recent low.