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Dryness in Argentina puts downward pressure on soy planting - Buenos Aires exchange

12/23/2020 BUENOS AIRES, Dec 23 (Reuters) - Argentina s 2020/21 soybean planting area could turn out to be smaller than the projected 17.2 million hectares due to unusually dry weather, the Buenos Aires Grains Exchange said in its weekly crop report on Wednesday. Argentina is the world s top supplier of soymeal livestock feed used to fatten hogs, cattle and poultry from Europe to Southeast Asia. It is also a major exporter of corn, wheat and soybeans. This year output of all three crops has been hurt by a moderate episode of the La Nina climate phenomenon, which tends to bring dryness to the South American country.

GRAINS-Soybeans extend gains to hit 6-1/2-year high on S America supply woes

12/21/2020 Corn firms, wheat falls By Colin Packham SYDNEY, Dec 22 (Reuters) - U.S. soybean futures rose for a fourth consecutive session on Tuesday to hit a more than six-year high as adverse weather in South America and a labour strike stoked concerns about global supplies. Corn rose, drawing support from the dry weather in key South American producing regions, while wheat fell. The most active soybean futures on the Chicago Board Of Trade were up 0.4% at $12.52-1/4 a bushel by 0500 GMT, hovering near their highest since June 2014 of $12.54 a bushel hit earlier in the session. Soybeans firmed 1.9% on Monday. The market is weighing the supply picture as South America

GRAINS-Soybeans hit more than six-year high on global supply concerns

12/20/2020 SYDNEY, Dec 21 (Reuters) - U.S. soybean futures rose more than 0.5% on Monday as concerns about global supply shortage pushed prices to a more than six-year high. FUNDAMENTALS The most active soybean futures on the Chicago Board Of Trade were up 0.6% to $12.27-1/4 a bushel by 0024 GMT, near the session high of $12.32 a bushel - the highest since June 2014. Soybeans had firmed more than 1.5% in the previous session. The most active corn futures were up 0.5% to $4.39-3/4, having gained 1.2% in the previous session. The most active wheat futures were up 0.2% at $6.09-1/4 a bushel, having closed little changed in the previous

Afternoon Market Recap for Dec 21, 2020

Afternoon Market Recap for Dec 21, 2020
farmprogress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from farmprogress.com Daily Mail and Mail on Sunday newspapers.

GRAINS-Soybeans rise to 6-1/2-year high on supply concerns

12/20/2020 Corn firms, wheat edges higher By Colin Packham SYDNEY, Dec 21 (Reuters) - U.S. soybean futures scaled a more than six-year high on Monday, underpinned by concerns about production in South America. Corn extended gains, while wheat edged higher. The most-active soybean futures on the Chicago Board Of Trade were up 0.6% at $12.27 a bushel by 0400 GMT, near the session high of $12.32 a bushel - the highest since June 2014. Soybeans had firmed more than 1.5% in the previous session. The supply picture has changed. The issues in South America have the market on edge, said a Melbourne-based grains trader who declined to be named as he is not authorised to talk to

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