For apple instal Trade Island10/4/2023 ![]() ![]() Tuesday's purchase of 320,000 tonnes of milling wheat by Turkey's state grain board and news that Iran's Government Trading Corporation has issued another wheat import tender underscored strong international demand.Īdverse weather for some U.S. Rising crude oil prices were also reinforcing margins for biofuel, which is made with vegetable oils such as soyoil and grains including corn.įebruary rapeseed on Euronext also extended a rally to hit a new record for the market at 754.75 euros ($853.09) a tonne, with concerns over soybean crops in South America and palm oil output in Malaysia adding to support from tight rapeseed availability in Europe.ĬBOT wheat was up 0.7% at $8.04-1/4 a bushel, while Euronext March wheat was 1.1% higher at 288.00 euros a tonne. "The 15-day weather forecast does not point to any improvement," consultancy Agritel said, referring to those crop regions. 30 at $13.25-3/4.ĬBOT corn was up 0.5% at $6.01 a bushel, reaching the $6 level for the first time since July 1.ĭrought in southern Brazil and developing dryness in parts of Argentina have tempered earlier optimism about South American harvest prospects. ![]() The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.8% at $13.22-3/4 per bushel by 1150 GMT, after earlier reaching a new high since Aug. Strength in share and oil prices, as investor fears about the impact of the Omicron coronavirus variant abated, and chart-based moves also boosted grain markets in light pre-holiday trading. and European wheat futures added further gains to reach two-week highs, tracking corn and soy while also drawing their own support from brisk import demand and supply risks. PARIS/BEIJING, Dec 22 (Reuters) - Chicago soybeans and corn extended a rally on Wednesday to new multi-month peaks as dry weather in some South American growing belts stoked supply concerns.
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