Environment
GRAINS-Chicago Soy is slipping on profits ahead of revised US Biofuel targets
Chicago soybean futures fell on Friday due to profit-taking ahead of a White House announcement expected later that day?of revised U.S. Biofuel targets which is 'expected'to be?bullish?for soybeans. These are often used as biofuel feedstock. Wheat and corn prices were volatile due to the uncertainty surrounding the Iran War. Corn was also pressured pre-weekend by technical selling. As of 10:50 am, the most active soybean contract traded on the Chicago Board of Trade had lost 9 cents. It was now $11.64-3/4 per bushel. CT (1750 GMT). Randy Place, an analyst at Hightower Report, said: "We are a little weaker in...