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1/29/2021 By Julie Ingwersen CHICAGO, Jan 29 (Reuters) - U.S. corn futures rose more than 2% on Friday, approaching a multi-year high, after China booked its biggest purchase of U.S. corn to date, fueling expectations of tightening global supplies. Wheat futures also rose about 2%, chasing corn higher, and soybeans firmed as well. As of 12:15 p.m. CST (1815 GMT), Chicago Board of Trade March corn was up 12 cents at $5.46-1/2 per bushel, nearing Thursday's top of $5.50-1/2, the highest price on a continuous chart of the benchmark contract since June 2013. CBOT March wheat was up 13-1/2 cents a...

China’s appetite for U.S. soy is draining silos to the point that American processors may need to import the most beans in years this summer.

4 Min Read CHICAGO Jan 27 (Reuters) - U.S. soy processors, fresh off their busiest year on record, have booked soybean purchases well beyond their normal few weeks of supply due to soaring export demand, rising prices and fears of soy shortages later this season, traders and analysts said. The aggressive buying foreshadows an expected battle for beans between exporters and processors this spring and summer that will likely increase prices further and could result in rare imports to the United States, the world’s No. 2 soybean producer and exporter. At least one processor in the eastern Midw...

1/27/2021 By Gus Trompiz and Sybille de La Hamaide PARIS, Jan 27 (Reuters) - Expected record Chinese imports of corn and soybeans in the coming seasons will continue to absorb U.S. supplies and keep prices on an upward trend, Chicago-based consultancy AgResource Co said on Wednesday. Chinese demand has fuelled a rally in grain markets in the past year and sparked a jump in U.S. corn futures on Tuesday as massive exports of U.S. corn and corn-based ethanol were reported. China's soybean imports could rise to around 110 million tonnes in the 2021/22 crop year, surpassing a potential 103-105...

Dan Basse says $6 corn and $15 soybeans will have a negative impact on margins for dairy and livestock farmers.