U.S. soybean and grain futures lose ground

Soybean and grains futures fell in overnight trade amid continued concerns about demand for US supplies as protests in China and Black Sea shipments expand, according to agriculture.com. Thousands of protesters took to the streets in China, the world's largest importer of soybeans, to protest against COVID-19 restrictions. Protests are rare in the Asian country and there is concern that demand for raw materials will slow amid the unrest. Protesters are calling for leader Xi Jinping to step down. In response, police were filmed dragging and beating those who took to the streets. Meanwhile, in Ukraine, President Volodymyr Zelensky over the weekend announced a plan to send $150 million worth of agricultural products to the world's most vulnerable countries in a bid to curb world hunger. The plan, dubbed "Ukraine's Grain", will send supplies to poor nations including Ethiopia, Sudan and Somalia, Zelensky said, according to multiple media reports. At least 60 ships will sail to ...