Soybeans are poised to climb on speculation that a slump to the lowest price in six weeks may boost demand among importers. Corn and wheat declined. Soybeans for November delivery traded little changed at $16.1025 a bushel on the Chicago Board of Trade at 2:19 p.m. in Singapore after swinging between gains and losses. The price touched $15.9025 yesterday, the lowest level since Aug. 14. Futures have lost 10 percent from a record $17.89 on Sept. 4 on signs of slowing demand after the rally, which was driven by a U.S. drought that reduced yields, and prospects for increased supply from South America. “We have seen some heavy selling over the past few days, so it could be some bargain hunting,� said Victor Thianpiriya, an analyst at Australia & New Zealand Banking Group Ltd. “It’s gone through some key technical levels.� Corn for December delivery dropped as much as 0.6 percent to $7.405 a bushel and traded at $7.4225. The price reached a record $8.49 on Aug. 10. December-delivery wheat fell as much as 0.7 percent to $8.8575 a bushel and was at $8.8775. To contact the reporter for this story: Phoebe Sedgman in Melbourne at psedgman2@bloomberg.net To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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