Soybeans slump on big harvest, China trade war worries.

Byline: S. Kamal Hayder Kazmi

US soybean futures fell for a second day on Wednesday, shedding more than 1 percent on expectations of a bumper US crop and concerns about a protracted U.S.-China trade war that has already depressed demand for US shipments. Corn and wheat also eased as traders squared positions ahead of a monthly US Department of Agriculture (USDA) report due on Thursday that is expected to show bigger supplies of both crops.

Forecasters expect drier weather in the western Midwest next week, which should help boost harvesting. In a weekly report late on Tuesday, the USDA said soybeans were 32 percent harvested as of Sunday, below trade expectations and behind the five-year average of 36...