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Author Topic: Cereals off plus the whole board. Keep an eye on US yield reports.  (Read 402 times)

Lara Manti

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Cereals off plus the whole board. Keep an eye on US yield reports.

CBOT commodities trading on Friday (Jan 7) grains rose across the board. Led by wheat futures surging more than 1.6 percent as investors eyed key agricultural data releases this week. This includes the United States Department of Agriculture (USDA) Production Assessment Report.

The corn contract was delivered in March. Up 3 cents, or 0.5%, to close at $6.0675 a bushel, the March wheat contract. It was up 12.5 cents, or 1.68%, to close at $7.585 a bushel. and the soybean contract for delivery in March It was up 23 cents, or 1.66%, at $14.1025 a bushel.

The market was driven by a report from the US Department of Agriculture, which said The US exported 176,784 tons of corn to Mexico and 120,000 tons of soybeans to China.

AgResource, a Chicago-based research firm, revealed that Investors eyeing key disclosures this week. On Tuesday, Brazilian government agency CONAB will release domestic production estimates. then on wednesday The US Department of Agriculture will release preliminary estimates for South American corn and soybean yields. including the final estimates of corn and soybean yields for 2021.



 

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