Wheat Slips to TwoMonth Low, Soybeans Stay Weak

CBOT wheat slid 1.5% to a two-month low and soybeans hit a seven-week trough as the advancing U.S. corn and soybean harvest, a record crop outlook, and recovering Russian wheat exports weigh on grains. Chinese state purchases of 1.2-1.5 million tonnes of soybeans offer only modest support, far below the 25 million tonne annual target, keeping the agricultural complex defensive near term.