24.09.2022
Chicago 11, Melborne City, USA
Forecasts

Prices for corn and soybeans continue to rise, Reuters reported

MOSCOW, August 10 – PRIME. Corn prices on the CBOT are rising, continuing the positive dynamics of the environment. Soybeans and wheat hit fresh weekly highs as hot, dry weather in parts of the US and Europe pose risks to the harvest campaign, Reuters reported.

Not enough for everyone: who will be saved from hunger by Ukrainian corn

In addition, traders are adjusting their positions before the release of the USDA’s monthly supply and demand report on Friday. The agency is expected to cut its forecast for the US corn crop to 14.392 billion bushels from 14.505 billion bushels, analysts polled by Reuters said.

At 1450 GMT, the most actively traded CBOT corn futures rose 8 cents to $6.22 a bushel. Wheat futures rose 18 1/2 cents to $8 a bushel. Soybeans and wheat hit their highest since Aug. 1, while corn rallied to its highest since Tuesday, the highest level this month.

Meanwhile, the US Department of Agriculture announced the sale of soybeans to China.

Source: 1prime

administrator
Helped investors place more than 500 million rubles. and over $200,000 in stock market instruments. Developed over 60 investment strategies. Experience in Forex - Basic and Series 1.0. Broker-dealer activity. The purpose of creating the fx-guidance website is to share with you My knowledge, experience and transfer my best practices on the topic of INVESTING IN THE STOCK MARKET, so I want to start with a FREE technical analysis course, thanks to which you will receive:✅Basic technical analysis system used by prof. investors ✅Learn to find the perfect entry and exit points ✅Begin to see long-term trends on the chart and understand the likelihood of further price movement

    Leave feedback about this

    • Quality
    • Price
    • Service

    PROS

    +
    Add Field

    CONS

    +
    Add Field
    Choose Image