The soybean market developed impressively in the US and Europe

In America, it was more likely that buyers prevailed, while in Europe, balanced trading could be seen on the crop markets. In Chicago, wheat became cheaper by 1.2 percent, but corn by 0.1 percent, soybeans by 2.1 percent, and canola by 0.4 percent more than the previous day. In Europe, the course of mill wheat and fodder wheat also closed in the red, but corn and rapeseed rose in price. Chicago soybean futures jumped more than two percent on Wednesday and rose above psychological levels, with the U.S. trading unit climbing above $12 a bushel. Commodity market funds appeared to cover short positions speculating on price declines, brokers said, while news of fresh US soybean export sales and excessive rains in Argentina supported the trend. Wheat futures became cheaper as a result of abundant supplies from the Black Sea and the strengthening of the dollar, the latter of which makes US grain exports less competitive. The dollar strengthened on Wednesday before the commodity market ...