Reading Time: 2 minutes U.S. soybean and corn futures rose on Monday on bargain buying and short-covering after hitting three-year lows recently, but plentiful supply from South America limited gains, analysts said.
Brazil soy harvest running ahead of schedule compared to last year
Slowing Chinese demand also weighs on prices
Weekly soybean exports on lower end of expectations -USDA
Corn extends recovery; wheat futures fell
Soybean futures backpedal from early advances
US grain exports face competition from South America
Net short position in soybeans increased by about 2,300 contracts
Wheat futures tested fresh contract lows
Wheat futures weaken as U.S. files sanctions against Russia
Rising stockpiles, falling Chinese demand spurred massive short in corn, soy