US soy, gold spooked by China's derivative stance


By Sam Nelson CHICAGO, Aug 31 (Reuters) - U.S. soybean and gold markets fell on Monday, due in part to a report that China's state-owned companies may default on commodity derivative contracts with six foreign banks providing over-the-counter hedging services. Traders in other commodities markets were cautious after the report in Caijing magazine quoting an unnamed industry source in an article published on Saturday. [ID:nLT454907] Chicago Board of Trade (CBOT) soybean futures for ...

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