USA: Soybean and wheat futures rose on Thursday, corn fell
Maize (Corn)
Wheat
Soybean
United States
Published Feb 4, 2023
Tridge summary
On Thursday, February 02, 2023, March wheat quotes on the Chicago Mercantile Exchange CBOT rose in price. As a result of the trading day, March quotations of soft winter wheat CBOT in Chicago rose to - $279.61 per ton, March futures of hard winter wheat KCBT in Kansas City fell to $323.61 per ton, March futures of hard spring wheat MGEX - up to $339.78 .
Original content
U.S. soybean futures edged higher on Thursday after uncertainty over the prospects for a crop in Argentina pushed soybean meal futures to a lifetime high, traders said. Corn futures fell on technical selling and a surge in the US dollar, which tends to make US grains less competitive globally, although US corn export sales last week were larger than expected. March soybean futures for the Chicago Mercantile Exchange rose 13 cents to $15.33-1/4, while March soybean meal rose $7.20 to $491.90 a short ton after hitting a contract high of $493.60. March corn fell to $6.75-1/4 a bushel, pulling back after failing to overcome chart resistance in the $6.86-6.88 area. March CBOT wheat rose 1-1/4 cents to $7.61 a bushel. Soybean meal futures rose on concerns about the prospects for a soybean crop in drought-hit Argentina, the world's largest exporter of soybean meal and soybean oil. Much-needed rain fell in parts of Argentina's crop belt last week, but forecasts called for a return to hot ...
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