Chicago Board of Trade (CBOT) soybean futures rebounded Friday after nearly 2 percent loss in the previous session, mostly on traders' technical buying and concerns about adverse weather in Brazil and Argentina.
The most active corn contract for March delivery went up 2 cents, or 0.53 percent to close at 3.7825 dollars per bushel. March wheat delivery was up 5.75 cent, or 1.12 percent to close at 5.195 dollars per bushel. March soybean delivery was up 3.5 cents, or 0.39 percent to close at 9.1025 dollars per bushel.
Soybeans dropped sharply on Thursday with market under pressure, as traders were awaiting new purchases by Chinese buyers.
However, traders were missing details on daily U.S. grain export sales, which the U.S. Department of Agriculture has not been reporting during the federal government's partial shutdown.
CBOT wheat futures rallied from one-week lows on Friday in a technical and bargain-buying bounce as a weakened U.S. dollar and rising wheat prices in rival exporting nations boosted prospects for U.S. shipments.
As for weather forecast for agricultural crop, winter storm warnings and watches are in effect Friday for much of the U.S. Midwest, as a large storm moves through the region, according to the National Weather Service.
now I read
Chicago soybean futures rebound on technical buying, weather concerns
Xinhua| 2019-01-12 06:04:12
So true, a lot of brands did not survive China is because they did not understand the local markets needs. A decade back when Shanzhai is everywhere, it was not just copying, they actually added more functionality on dumb phones and other appliances, which cause them to flourish
Yep, you can make money on $9 dollar soybeans, and as I have been reminding everyone, that's the best of the best, being a farmer is the largest gamble on the planet! you ride the market up, and you ride the market down, its always changing.... this latest boost is due to poor growing conditions in Brazil and Argentina,,,,,,, the lesson here, is you support both of your markets when they are both doing well, and when the crop is poor, you will be the first customer to buy the premium beans!
Starve one of your producers out?? and you will be the one to suffer in the long run! but hey what do I know right? people on SDF who have never shoveled their first shovel full of corn, soybeans, or wheat are the experts on SDF, just ask em?? Sheeesh!
I'm just a dumb farmer paying lots of taxes here in Central Obamastan, what the hell do I know????
If I could move this farm to Tennessee, I would have been gone a long time ago!
Just wondering @Air Force Brat ... are you a farmer ? what farmer?
Just wondering @Air Force Brat ... are you a farmer ? what farmer?
Yep, grain and livestock, small family farm, bought with blood, sweat, and tears, and a hell of lot of hard work for nickels on the dollar, LOL!
These days family farms have to have a full time income to support your farm ..love this beautiful black loam, our farm was tiled by my father in law, so it has excellent drainage, has a few hills, a valley, and a spring well. Lots of White Tails that love the corn and soybeans, good to eat too!