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Friday May 03, 2024

Soybean rises

By REUTERS
May 10, 2018

Singapore :Chicago corn and soybean futures extended gains into a second session on Wednesday, with crop planting expected to be delayed in key growing regions of the U.S. Midwest.

Wheat lost ground, falling for three out of four sessions, on expectations of improved weather for the drought-hit U.S. winter wheat crop.

The Chicago Board of Trade most-active corn contract had gained 0.1 percent to $4.03-3/4 a bushel by 0335 GMT, while soybeans added 0.1 percent to $10.21 a bushel.

Wheat lost 0.4 percent to $5.12-1/4 a bushel. The focus in corn and soybean markets remains on U.S. planting weather.

The U.S. Department of Agriculture (USDA) late on Monday said that the U.S. soybean crop was 15 percent seeded, ahead of the five-year average of 14 percent.