US benchmark wheat contract in decline on profit taking

07.10.2021

U.S. soybean futures rose 1.3% on Tuesday as a rally in the energy market boosted demand for soy-based biofuels, traders said.

Wheat futures were down on profit-taking after three straight days of gains pushed the market to its highest since mid-August. The wheat weakness dragged corn lower.

Soybeans were led higher by...