Soybeans rose in price, corn fell, and wheat remained unchanged on Tuesday on the world grain market

Updated Sep 27, 2023
On Tuesday, September 26, 2023, wheat futures on the Chicago Board of Trade (CBOT) remained unchanged. At the end of the trading day, December soft winter wheat quotes on the Chicago Mercantile Exchange CBOT did not change, remaining at $216.423 per ton, December KCBT hard winter wheat futures in Kansas City fell to $261.06 per ton, December MGEX hard spring wheat futures fell to $281.64 per ton.
Chicago soybean futures rose on Tuesday, wheat futures were unchanged and corn futures fell as traders adjusted positions ahead of US government inventory data due on Friday, September 29. Concerns about a possible US government default are weighing on markets. Chicago Board of Trade (CBOT) soybean futures for November rose 5 cents to settle at $13.02-3/4 a bushel. During trading, December wheat reached a weekly high of $5.96-3/4 per bushel, and then fell to the previous level of $5.89. December corn prices fell 1-1/2 cents to $4.79-3/4 a bushel. The US Department of Agriculture (USDA) plans to release a quarterly report on US grain inventories at the end of the week. Abundant supplies of wheat from Russia are keeping prices down, although recent attacks on Ukrainian ports have raised some concerns about future supplies. Countries in the EU's eastern wing on Tuesday called on the European Commission to strengthen checks at solidarity lanes for Ukrainian grain and introduce a ...
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