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Hot News: To begin the week, CBOT grains and the oilseed markets both RALLIED on strong trading volume
24/09/2024
To begin the week, CBOT grains and the oilseed markets both RALLIED on strong trading volume. Soybean futures closed higher on another round of USDA flash sales and a supportive weekly export inspections report. Corn futures closed higher on bullish weekly export inspections as figures BEAT market expectations and this week’s rain forecast across the Midwest, which may hinder the harvest pace. The weather concerns across South America (HEAT – slow bean/corn seeding) also attributed to the rise in CBOT bean/corn future prices in today’s session. Wheat futures closed higher on solid weekly export inspection figures and concerns of global production as Russia reported yield losses.