Soybeans Set for Weekly Loss as US Harvest Weighs on Prices
US soybean futures dipped Friday and remained on track for a weekly loss as expectations of a record US harvest outweighed renewed Chinese buying. The most-active CBOT contract slipped 0.06% to $12.62-1/4 a bushel by 0749 GMT.
U.S. soybean futures edged lower Friday, keeping the market on course for a weekly decline as prospects for a record U.S. harvest outweighed support from renewed Chinese buying. The most-active Chicago Board of Trade (CBOT) soybean contract, CBOT:ZS1!, fell 0.06% to $12.62-1/4 a bushel by 0749 GMT.
For the…