Wheat prices drop worldwide as bird flu cases are feared to rise

US agricultural markets were subject to a month-end liquidation round by investment funds yesterday. Corn prices fell to their lowest level in more than six months, down 2.06%, posting losses of 7.3% in February, their biggest monthly drop since June. Soybeans posted the biggest declines on Tuesday, dropping 2.23%, the biggest one-day drop since December 1. For the month, soybeans fell 3.8%, the first monthly decline since September. The rest of the soybean complex was also in the red, with soybean meal posting significant losses of about 3%, while soybean oil prices fell 0.5%. Wheat prices attempted a turnaround, but eventually declined as well. Chicago SRW, in fact, finished the session with losses of 0.63% and posted a monthly decline of 7.3%, its fifth consecutive monthly decline. Kansas City HRW went home in the red by 0.52% for the session. Minneapolis spring wheat was firmer, but still finished the day down 0.2%. Soybeans were the most vulnerable to yesterday's sell-off as ...