CORN
Closing Tuesday’s session, CBOT corn prices fell as rapid planting progress and forecasts of dry weather in the U.S. corn belt put pressure on prices during the session. The dry weather forecast in the U.S. Midwest is expected to be favorable for corn growing. USDA reported Tuesday that exporters sold 215,000 tons of U.S. corn to Mexico.
CBOT corn prices continued to decline Wednesday as rapid plantings in the United States and wheat prices pressured.
CBOT corn prices fell under pressure from the wheat market on Thursday, as contract prices continued to see impacts from earlier government reports of rapid planting progress in the U.S. Midwest.
WHEAT
Closing Tuesday, wheat prices rose on forecasts of a lower harvest in Russia. The Russian Grains Union said dry weather and severe frosts had hit key wheat-growing areas in southern Russia and about 1.5 million hectares of Russian crops had been damaged by frosts. .
Wheat prices retreated on Wednesday as investors sought profits after a recent rally while questions remained over whether rain forecasts in Russia would prevent harvest prospects from falling. Are not.
Wheat prices continued to fall on Thursday, as traders assessed whether forecast rains in Russia would reduce wheat production estimates.
SOYBEAN
CBOT bean prices fell on Tuesday as weak bean meal prices dragged down bean prices, largely because cheaper South American soybean meal production weighed on the market.
CBOT bean prices continued to decline Wednesday on technical trading and Tuesday’s USDA report showing rapid planting progress in the U.S. Midwest.
Bean prices fell for a third straight session of the week amid signs of technical trading on Thursday although ongoing concerns about crop failures in Brazil following devastating floods in southern regions boosted markets. school.
Source: thitruonghanghoa.com
SHORT NEWS
Diverting the Red Sea leads to tariff risks causing shipping to skyrocket. Rising sea freight rates combined with a shortage of empty containers are returning
reuters.com
