Reading Time: 2 minutes Chicago wheat futures climbed on Thursday after a vessel hit a mine in the Black Sea, an incident that underscores the continuing security risks along the key global grain trade shipping route.
Corn, soybeans fell as traders assessed a rainy forecast in South America
High Canadian dollar behind lower corn trading
Traders continue to keep a sharp eye on Brazil weather forecast
Re-opening of U.S./Mexico rail crossings boosted corn, dryness lifted soybeans
Railways between U.S. and Mexico reopened five days after key trade routes closed
Grain moved was up 60 per cent from last season on drought recovery
The Canadian dollar strengthened relative to its United States counterpart
Prior to drought year 2021/22, Canadian corn imports had rarely topped two million tonnes
Corn up on technical bounce, wheat up on weaker dollar
Chinese corn breeders are preparing to double the amount of GMO corn planted next year