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SINGAPORE Chicago corn futures gained more ground on Thursday to trade near the previous session’s eight-year top, as concerns over cold weather damage to the crop across the U.S. grain belt underpinned prices.
Wheat edged lower after Wednesday’s rally which lifted the market to its highest in more than a month, while soybeans extended gains.
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“There are expectations of lower corn and soybean planting in the U.S. and now the early growing weather is not perfect,” said Pranav Bajoria, a director at Singapore-based brokerage Comglobal. “At the same time demand looks pretty strong, with more use of agricultural products for biofuels.”
4/15/2021 Corn near highest since June 2013 as cold weather
threatens Wheat futures up 1% on weather concerns (Adds detail, quote, updates prices) By Sybille de La Hamaide and Naveen Thukral PARIS, April 15 (Reuters) - Chicago corn futures surpassed
the $6 per bushel level for the first time in eight years on
Thursday as concerns over cold weather damage to the crop across
the U.S. grain belt underpinned prices. Wheat extended Wednesday s rally, hitting its highest in
more than a month, while soybeans extended gains. There are expectations of lower corn and soybean planting
in the U.S. and now the early growing weather is not perfect,
GRAINS-Corn up for 3rd session, near eight-year high on adverse weather agriculture.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agriculture.com Daily Mail and Mail on Sunday newspapers.
Excessive rains in Brazil, Argentine dryness support prices Wheat futures ease after strong gains on tightening supplies (Adds quote in paragraph 3, details on Australia's wheat production)By Naveen ThukralSINGAPORE, March 3 (Reuters) - Chicago soybean futures slid on Wednesday, after notching strong gains in the previous session, although worries about excessive rains in Brazil and dry weather in Argentina limited losses.Wheat edged lower after Tuesday's biggest one-day gain in almost two weeks and corn slipped after closing more than 1% higher.
Chicago soybean futures slid on Wednesday, after notching strong gains in the previous session, although worries about excessive rains in Brazil and dry weather in Argentina limited losses. Wheat edged lower after Tuesday’s biggest one-day gain in almost two weeks and corn slipped after closing more than 1% higher. “There are harvesting issues in Brazil .