USA: The price of soybeans and corn is rising after a deep price drop

Rather, price increases could be seen on the first trading day of the week on the crop markets. In Chicago, wheat rose by 1.2 percent, corn also by 1.2 percent, and soybeans by 0.3 percent, but rapeseed was 0.5 percent less than on Friday. In Europe, mill wheat, canola and fodder wheat also closed in surplus, while corn became cheaper. According to analysts, the price level of US soybean and corn futures rose on Monday because the rates had previously fallen to such an extent that they could be considered bargain purchases, after they were recently at three-year lows, but the abundant supply from South America limited the increase. US Commodities President Don Roose said commodity funds covered short positions after the decline in U.S. markets and began pricing in the U.S. Department of Agriculture's (USDA) monthly supply and demand report on Friday. Traders will appreciate the USDA's latest estimates of South American corn and soybean production. Questions remain about how poor ...