date:Nov 20, 2012
accounting for nearly 60% of global trade of the grain in the 2011-12 season, according to the U.S. Department of Agriculture.
Soybean prices have been on a downward trend in recent weeks, losing nearly 22% since hitting an all-time high of USD17.8888 a bushel on September 4, amid easing concerns over shrinking global supplies.
Meanwhile, wheat for December delivery traded at USD8.4312 a bushel, gaining 0.55%. The December contract rose by as much as 0.75% earlier in the session to hit a dail