Chicago soybean and corn futures fell on Monday, extending losses from the previous session, as rains in South American growing regions eased concerns about tight global supplies.

Wheat prices fell, adding to four days of decline.

Brazilian farmers are poised to reap a record harvest of 132.2 million tonnes of soybeans in 2021 despite a drought that delayed plantings, according to the average of estimates in a poll of 13 analysts.

* In December, a consensus forecast had showed farmers would harvest 131.79 million tonnes of soybeans, Brazil's most prized export commodity. Last year, farmers produced almost 125 million tonnes, according to government data.

* Sovecon has raised its Russian 2021 wheat crop forecast to 77.7 million tonnes from 76.8 million tonnes citing improved weather conditions in January, the agricultural consultancy said.

* Egypt's state grains buyer the General Authority for Supply Commodities (GASC) bought 6,000 tonnes of soyoil in a local tender on Saturday, traders said.

* Turkey's state grain board TMO has confirmed the final purchase of only 95,000 tonnes from an estimated total of 400,000 tonnes wheat provisionally purchased which closed on Friday, traders said on Saturday.

Source: Reuters