US cereals benchmarks pressed by persistent supply glut

19.03.2024

Chicago soybeans, wheat and corn fell on Monday, reversing Friday’s strength, as market attentionreturned to large global suppliesand low demand.

Chicago Board of Trade most-active soybeans fell 0.5% to $11.77-1/2 a bushel at 1156 GMT after hitting their highest since Feb. 14 at $11.89-1/4 earlier on Monday.

Corn fell 1.0% to $4.35-1/2...