Chicago Board of Trade soybean futures ended mixed on Thursday as renewed worries about major flooding in southern Brazil offset data indicating lower demand for soy from U.S. processors, analysts said.
Chicago Board of Trade soybean futures ticked down on Wednesday, after the National Oilseed Processors Association (NOPA) reported that U.S. crushing plunged in April to a seven-month low.
United States wheat futures rose sharply during the week ended May 15, while corn and soybean futures at the Chicago Board of Trade (CBOT) were in a rangebound, up-and-down pattern.
Chicago Board of Trade soybean futures dipped on Tuesday as analysts said the market was disappointed that U.S. President Joe Biden's administration did not include used cooking oil on a list of tariff increases on Chinese goods.
Chicago Board of Trade wheat futures rose on Monday, hitting nine-month highs on worries about crop losses in top-exporter Russia after multiple nights of frosty weather in key regions.
Chicago corn futures advanced on Friday after the U.S. Department of Agriculture (USDA) projected U.S. stockpiles of the grain below market expectations.
The United States Department of Agriculture’s (USDA) May World Agricultural Supply/Demand Estimates (WASDE) released May 10 featured the first production and ending stocks estimates for the 2024-25 marketing year.
The Biden administration said today it will provide nearly $200 million to fight the spread of avian flu among dairy cows, in the government's latest bid to contain outbreaks that have fueled concerns about human infections with the H5N1 virus.
Chicago wheat futures rose on Thursday as Russia declared a state of emergency in key grain-growing regions due to frosts, while soybeans and corn fell ahead of a monthly U.S. Department of Agriculture supply-and-demand report due on Friday.
Chicago Board of Trade wheat futures fell on Wednesday despite weather risks in top exporter Russia, highlighting the size of its supply as the country continues to dominate global export markets.