US grain benchmarks down despite persistent droughts

02.09.2022

Chicago corn, wheat, and soybeans slid on Thursday, as mounting concerns about a global economic slowdown pressured commodity markets, although losses were limited by hot weather conditions curbing U.S. and European crop prospects.

The most-active corn contract on the Chicago Board of Trade (CBOT) was down 1.3% at $6.62 a bushel,...