Home » Bargain seekers push corn, soybeans, wheat higherSource: Sosland Publishing Co.
Recap for January 30
- Bargain buying off multi-year lows sent corn and soybean futures higher Tuesday despite the absence of supportive supply-demand news. Corn futures were down 5% for the month while soybean futures were down 6% in the same period, a reflection of ample US supplies after 2023’s bumper crops and rising confidence in South American crops. Wheat complex futures followed the firm trend, bouncing off one-week lows. The March corn future added 7½¢ to close at $4.47¾ per bu. Chicago March wheat advanced 12¢, closing at $6.05½ per bu. Kansas City March wheat jumped 12½¢ to close at $6.30¾ per bu. Minneapolis March wheat climbed 6½¢ to close at $6.99¾ per bu. March soybeans soared 24½¢ to close at $12.18¾ per bu. March soybean meal added $8.70 to close at $363 per ton. March…
