Morning Market Review 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.
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SYDNEY 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
Try refreshing your browser, or Soybeans hit more than six-year high on global supply concerns Back to video 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 session.
12/18/2020
By Mark Weinraub
CHICAGO, Dec 18 (Reuters) - U.S. soybean futures surged to
their highest in 6-1/2 years as the rain outlook in key South
American growing areas remained uncertain, threatening harvest
prospects as global demand strengthens, traders said.
Forecasts of low U.S. soybean inventories amid strong demand
from U.S. processors and importers like China have made the
market sensitive to possible setbacks for South American crops
due to be gathered in the coming months. There s virtually no room for error on the soybean balance
sheet, StoneX chief commodities economist Arlan Suderman said
in a note to clients.
U S grains: Soybeans touch 6-1/2 year high | Canadian Cattlemen canadiancattlemen.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from canadiancattlemen.ca Daily Mail and Mail on Sunday newspapers.
12/18/2020
By Mark Weinraub
CHICAGO, Dec 18 (Reuters) - U.S. soybean futures surged to
their highest in 6-1/2 years on Friday as the rain outlook in
key South American growing areas remained uncertain, threatening
harvest prospects as global demand strengthens, traders said.
Forecasts of low U.S. soybean inventories and strong demand
from U.S. processors and importers like China have made the
market sensitive to possible setbacks for South American crops
due to be gathered in the coming months. There s virtually no room for error on the soybean balance
sheet, StoneX chief commodities economist Arlan Suderman said
in a note to clients.