CHICAGO: U.S. soybean futures rose to a seven-month high Tuesday on fears that a smaller-than-expected Brazilian harvest will tighten global soy stocks and steer export demand to U.S. supplies, analysts said.
U.S. wheat futures fell more than 3% on Monday to their lowest in nearly two weeks on forecasts of welcome moisture in the U.S. Plains wheat belt and waning fears of imminent conflict between Russia.
U.S. wheat futures found support Tuesday after slumping more than 3% on Monday to two-week lows on forecasts for decent growing conditions in the U.S. Plains and waning fears of an imminent invasion by Russia into Ukraine. Chicago soybean and corn futures both traded either side of unchanged, but clung close to recent seven-month highs .
U S grains: Soybeans reach seven-month peak - AGCanada agcanada.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agcanada.com Daily Mail and Mail on Sunday newspapers.
U S grains: Wheat rallies as Russia-Ukraine tensions rise - AGCanada agcanada.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from agcanada.com Daily Mail and Mail on Sunday newspapers.