5/11/2021 Soybeans at 9-year top in positioning ahead of key U.S.
report Wheat up 1%, gains for 2nd session; corn trades near
highest
since 2013
(Recasts, adds quote in paragraphs 3-4, fund positioning)
By Naveen Thukral
SINGAPORE, May 12 (Reuters) - Chicago soybeans climbed more
than 1% on Wednesday to their highest in nearly nine years, as
shrinking global feed grain supplies and positioning ahead of a
key U.S. supply-demand report due later in the day underpinned
prices.
Wheat and corn futures rose around 1%, with both markets
gaining for a second straight session. The bullish trend remains in place and tightening global
supplies are in focus ahead of the USDA (U.S. Department of
Chicago soybeans climbed more than 1% on Wednesday to their highest in nearly nine years, as shrinking global feed grain supplies and positioning ahead of a key U.S. supply-demand report due later in the day underpinned prices. Wheat and corn futures rose around 1%, with both markets gaining for a second straight session. “The bullish .
Soybeans up ahead of U.S. report Corn near highest since 2013; wheat flat By Naveen Thukral and Sybille de La Hamaide SINGAPORE/PARIS, May 12 (Reuters) - Chicago soybeans climbed more than 1.5% on Wednesday to their highest in nearly nine years, as shrinking global feed grain supplies and positioning ahead of a key U.S. supply-demand report due later in the day underpinned
Article content
SINGAPORE Chicago soybeans climbed more than 1% on Wednesday to their highest in nearly nine years, as shrinking global feed grain supplies and positioning ahead of a key U.S. supply-demand report due later in the day underpinned prices.
Wheat and corn futures rose around 1%, with both markets gaining for a second straight session.
We apologize, but this video has failed to load.
Try refreshing your browser, or Soybeans at near 9-year high on tightening supplies; wheat, corn up 1% Back to video
“The bullish trend remains in place and tightening global supplies are in focus ahead of the USDA (U.S. Department of Agriculture) report,” said Ole Houe, director of advisory services at brokerage IKON Commodities in Sydney.
5/10/2021 U.S. corn planting at 67%, as of Sunday, above average
pace AgRural cuts production estimate for Brazil s corn crop
(Recasts, adds quote in paragraphs 3-4, details on Brazilian
corn output)
By Naveen Thukral
SINGAPORE, May 11 (Reuters) - Chicago corn futures slid for
a second consecutive session on Tuesday, hitting their lowest in
almost one week as rapidly progressing U.S. planting weighed on
the market.
The corn market is taking a break after a strong rally,
ahead of the widely watched World Agricultural Supply and Demand
Estimates (WASDE) to be published by the U. S. Department of
Agriculture (USDA) on Wednesday.