Global: Chicago market rises for third consecutive session this Wednesday for soybeans

Published 2022년 3월 23일

Tridge summary

The article reports an increase in the prices of soybean meal, oil, and the futures of corn and wheat on the Chicago Board of Trade (CBOT). This increase is attributed to global supply concerns and a growing demand for American products. The ongoing conflict in Ukraine and Russia has significantly impacted Black Sea region supplies of wheat, corn, and sunflower oil, affecting various markets. The upcoming 2022/23 US crop season is also of interest to traders, given the weather challenges and high production costs.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Good increases are also recorded in soybean meal and oil traded on the CBOT, as well as between corn and wheat futures. According to international analysts, the concern with global supply and a greater demand for American products now continue to provide important support for quotations in the international market. "We are in a long war between Russia and Ukraine that we did not expect. And that war will continue to impact supplies from the Black Sea region," a trader in Singapore told Reuters International. The conflict enters its 28th day today and has severely affected exports of wheat, corn and sunflower oil, which has had impacts on almost all ...

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.