Reading Time: 2 minutes U.S. forecasts for increasing crop inventories on Thursday drove corn and soybean futures to their lowest prices in more than three years as traders remained worried about strength of demand.
U.S. soybean crushings dropped more than expected from a record high
U.S. corn shipments continue to put pressure on feed prices
Markets down about 10 per cent this year, traded on lowest levels since late 2020
Prices may not go much lower given the commodities have hit contract lows, says analyst
Wheat futures weighed by falling Russian prices
Market keeps eye on South American weather
Farmers accuse Modi gov. of slow rollout of promised higher prices
Wheat futures higher on bargain buying, short covering
Livestock feeders well covered with U.S. corn, pressuring prices
Falling Russian prices weigh over wheat futures; U.S. poised to regain title of top corn exporter