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Soybeans started firmer overnight but buyer interest dried up and selling pressure mounted, with futures near session lows this morning. Corn followed soybeans lower, while wheat mildly firmed.
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Soybean futures gain fourth consecutive week on shrinking South American crop; corn at seven-month high, wheat higher.
Davis Michaelsen and Editor Brian Grete discuss this week’s market action...
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Soybean futures heading for fourth straight weekly gain on shorter S. America crops; corn and wheat also higher.
Soybeans are higher this morning after there was limited followthrough selling from Thursday’s poor closes early in the overnight session. Corn and wheat are following soybeans higher.
Corn, soybean futures drop from contract highs as broad long liquidation hits commodities; wheat futures also end lower.
Kansas, Texas and Oklahoma reduced abnormally dry/drought areas
Soybean futures rally above $16 to nine-month high on South American crop shortfall; corn hits contract high, wheat up.
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Soybean futures continued their strong rally, with most old-crop contracts surging above $16 overnight. Corn and wheat followed soybeans higher.
Corn and soybean basis slipped, but cash prices surged.
Soybean futures surge near nine-month high on drought-reduced South America crop; corn and wheat also higher.