Asian factories continued to recover steadily in November thanks to a boom in economic powerhouse China, private surveys showed on Tuesday, offering hope the region was shaking off the drag from the COVID-19 crisis.
Wheat prices fell after Australia forecast its second-highest crop ever and Russia proposed curtailing grain exports next year. Wheat futures fell as much as 3.3% in Chicago trading, the lowest for the contract in almost eight weeks. Corn and soybeans also fell following rainfall in South America during the weekend.