June 29, 2022
tagreuters.com2022binary_LYNXNPEI2O13S-BASEIMAGE

Soybeans thrive in Chicago with US exports; Corn and wheat will also rise

By Mark Weinrob

CHICAGO (Reuters) – Chicago-based soybeans, wheat and corn futures closed on Friday as three items recovered from a fall overnight.

The firmness of soybeans stems from indications that demand for U.S. supply remains strong despite the availability of freshly harvested South American oilseeds in the market.

The future of maize has benefited from the adjustment ahead of next week’s report on US farmers’ planting plans to be released by the government.

Wheat rose after a three-day slump as investors provided protection against rallies arising from the conflict between Russia and Ukraine.

On the Chicago Stock Exchange, May soybean futures rose 9.50 cents to $ 17,1025 a bushel.

May corn rose 5.75 cents to $ 7.54 a bushel. Wheat for May was up 16.50 cents at $ 11,0225 a bushel.

(Additional Report by Gus Trombis in Paris and Naveen Thukral in Singapore)


Know more

+ Omigron: Unexpected sign of infection in children worries medical groups
+ Mercadão de SP Vendors threaten customers with fruit fraud
+ Video: A mother was attacked on social media for wearing tight clothes to take her son to school
+ Horoscope: Check today’s forecast for your zodiac sign
+ What do you know about fluorone?
+ Lemon squeezing trick becomes a craze on social media
+ ‘Monster Ichthyosaur’ discovered in Colombia
+ One twin was a vegetarian, the other ate meat. Check the result
+ See what are the most stolen cars in SP in 2021
+ Exhibition identifies giant squid that caused the shipwreck in 2011
+ US agency warns: Never wash raw chicken meat