Flat to weaker in rangebound trade amid a lack of market-moving news. CBOT December corn settled up 2 cents at $3.43-1/2 per bushel, holding above the contract low set Thursday at $3.40-3/4. Market anchored by ample USA supplies and the USDA's estimate of a record-high US corn yield.
Chicago Board of Trade (CBOT) grains closed lower on Monday with soybean futures falling to their lowest in a month, pressured by improving crop weather in South America and chart-based selling. The CBOT January soybean contract dipped to $9.82-1/2 a bushel ahead of the daily pause in trade, its lowest since October 31 and just below its 50-day moving average. The most active soybean futures were little changed at $9.86-3/4 a bushel, after firming 0.2 percent on Friday.
Strong Quake Jolts Western Iran
Meantime, five groups of injured people were transferred to the Iranian capital, Tehran, on Monday to receive further treatments. The report Tuesday afternoon by the IRNA news agency said the number of injured in the temblor now stood at 7,460.