News

Little changed U.S. soybean futures

Soybean
Maize (Corn)
Wheat
United States
Published Feb 24, 2023

Original content

Soybean futures were little changed in overnight trading on mixed weather forecasts across South America's growing areas. Rainfall in northern Brazil will ease over the next 10 days, which will help fieldwork in the region, the Commodity Weather Group said in a report. Still, precipitation in central Brazil will slow down planting during the same period, the meteorologist said. The rains will increase crop prospects in Bolivia and Paraguay for the next seven days, but there is a risk of flooding in the northern third of the country. In Argentina, it rained in northeast Cordoba this week and rain is expected over the next two weeks in the western district of soy and corn producing regions, the CWG said. Wheat was mixed overnight with Kansas City futures falling in the wet weather forecast. Counties in northwest Kansas and eastern Kansas have received a lot of rain over the past 14 days, NWS data shows. Parts of eastern Oklahoma, Missouri and Arkansas — where bright red winter wheat ...
Source: Agrolink
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