Bloomberg News

Soybeans Fall in Chicago Trading, Erasing Earlier Gains

December 07, 2012

Soybean futures for January delivery fell 0.5 percent to $14.84 a bushel at 7:43 a.m. on the Chicago Board of Trade, erasing a gain of as much as 0.5 percent.

Prospects improved for crops in Argentina, where wet weather has delayed planting in recent weeks. A drier trend will develop in the country after today, with just a few showers possible in some areas until at least Dec. 12, Telvent DTN said.

To contact the editor responsible for this story: Whitney McFerron at wmcferron1@bloomberg.net


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