News
Grains are expected to open mixed following the extended holiday weekend as traders sort out South American weather, outside markets and China’s surging Covid cases.
Export sales data for week ended Dec. 22 reported wheat sales topping expectations by over 28,000 MT, while corn and soybean sales were mid-range.
Soybean futures continued their price surge overnight with front-month futures reaching their highest level on the continuation chart since Sept. 13. Corn and wheat traded in narrow ranges on either side of unchanged.
Soybeans extend gains above $15 amid Argentina dryness concern, demand optimism; corn mixed, wheat lower.
Manufacturers move production away from China, Indonesia delays 35% blend rate and gold purchases this year were the highest since 1967...
Grain futures lower overnight amid concern over Covid surge in China; soybeans continue holding above $15.00.
Energy prices continue lower on effects of rising Covid-19 cases in China on oil demand
Big weekly gains in cash corn and winter wheat prices.
Choice boxed beef continues the strong year-end price rally.
Concerns with surging Covid cases in China triggered risk aversion in markets overnight, including grain and soy futures.
Soybeans rally to close above $15, corn hits seven-week high amid weather, supply concerns; wheat also higher.