Soybeans extend declines as Chinese demand wanes

Print
Email
|

Associated Press

Posted on February 14, 2013 at 6:01 PM

Updated Thursday, Feb 14 at 7:01 PM

NEW YORK (AP) — Soybeans are falling after the U.S. government reported weaker demand for the crop from Chinese buyers.

March soybeans fell 5 cents to $14.18 a bushel Thursday. The contract has declined six out of the last seven days and is down 3.5 percent this month.

Wheat fell 3.5 cents to $7.32 a bushel. Corn for March delivery also edged lower, falling 0.75 cents to $6.9475 a bushel. The grain has now dropped for the last 10 trading days.

Metals all fell, with silver leading the declines.

March silver dropped 51.60 cents to $30.3530 an ounce. Gold for April delivery fell $9.60 to $1,635.50 an ounce.

Print
Email
|