USA: Soybeans up 6¢ in the US overnight market

Published 2022년 12월 21일

Tridge summary

Grain prices in the US have increased, with corn, soybeans, wheat CBOT, KC Wheat, and Minneapolis wheat all seeing price hikes. The rise in soybeans is attributed to soybean oil. The USDA's Foreign Agricultural Service has reported record values in US dairy exports for 2022, with a 25% increase in overall values driven by strong dairy prices. The value of whey exports specifically rose by 37%. However, there was a decrease in the volume of some exports, such as skimmed milk powder, despite a 27% increase in value, due to a shift in China's preference towards whole milk powder.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Grain prices are all in the green right now in the US, according to agriculture.com. Corn went up a penny. Soybeans rose 6 cents. Wheat CBOT rises 2¢. KC Wheat was up 5 cents. Minneapolis wheat was up a penny. Al Kluis of Kluis Commodity Advisors says soybeans rose yesterday due to soybean oil, which is also up in overnight trading. Kluis also says traders are watching the US dollar index, which is currently at 103, 8. He notes that there are lighter trading volumes for several markets as “traders and money managers hit the cruise control button for the holidays”. Also, in the US agricultural products, yesterday, the USDA's Foreign Agricultural Service released its biannual report on dairy exports. The report found on a value basis, US dairy exports are setting records in 2022. The report covers January through October and says this increase was driven by strong dairy prices. Overall, values rose 25%. Whey saw the biggest increase, with the value of whey exports rising 37% from ...

Source: Agrolink