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Soybean futures end week at highest since June as market awaits USDA Supply and Demand update; corn, wheat down for week.
Corn futures drop to lowest level in over a week on corrective pressure, soybeans and wheat also lower.
Covid policy reaches a turning point as countries start opening up, changing positions
Soybeans were pressured by profit-taking and corrective selling overnight, while the corn and wheat markets faced followthrough selling to Wednesday’s losses.
Soybean basis slipped only a penny as the cash price surged over $1 during the past week.
Soybean futures post contract highs fifth straight day on smaller South American outlook; corn, wheat erase early gains, end lower.
Soybean futures hit contract high for fifth day in row on exports, S. America drought; corn and wheat also higher.
Eurozone inflation continues to climb, the DOC announces countervailing duty rates on UAN and Senator Manchin calls BBB, “dead.”
Commerce makes preliminary determination urea nitrate from Russia, Trinidad and Tobago
Soybeans posted new highs overnight, with the March contract topping $15.60 amid a continued price surge tied to South American crop losses and speculative buying. Corn and wheat modestly followed higher.