USA: A slowdown in demand depressed prices

Basically, there was a preponderance of sellers on the crop markets on the first trading day of the week. In Chicago, wheat became cheaper by 1.4 percent, corn by 0.4 percent, and soybeans by 1.7 percent. The price level of rapeseed rose by 1.5 percent. In Europe, mill wheat went down by 0.9 percent, corn by 0.5 percent, and feed wheat by 2.1 percent less than on Friday. Meanwhile, rapeseed rose in price by 2.2 percent. U.S. soybean futures fell on Monday, while corn was mixed before closing higher as concerns over weak demand anchored prices and new harvests flooded the market. The price of wheat fell due to weak demand, then turned positive in the evening, traders hope that the Black Sea grain contract will be renewed after another shipment left Ukraine. Mostly favorable weather in the U.S. Midwest allowed farmers to continue harvesting their corn and soybean crops, and inventories fell as low Mississippi River levels slowed shipments to Gulf Coast export facilities. "The market ...