Soybeans slip as crude falls after prior rally
U.S. soybean futures fell Wednesday, pressured by a decline in crude oil prices, after rising more than 2% in the previous session. The drop followed a slower-than-expected August soybean crush rate.
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USO-linked WTI falls over 4% for the week
West Texas Intermediate, as tracked by United States Oil Fund, was at $83.12 Wednesday, down over 4% for the week, while Brent crude traded near $88.04, down 0.6% on the day.
Nasdaq 100 Falls
The Nasdaq 100 falls 0.6% as a chip rout and AI-infrastructure unwind drag US equities into mixed territory
Corn Falls on Crude Pressure
Corn prices decline due to crude oil's influence on ethanol demand. This impacts grain markets and related commodities.