Create a free Feed & Grain account to continue reading

Soybeans Firm on China Demand

USDA announces fresh U.S. soybean sales to China

Soybeans 4019685 1920

U.S. corn futures firmed and soybeans posted their strongest advance in a month on Tuesday as rising equities and energy markets and a weakening U.S. dollar triggered short-covering in commodities battered by the coronavirus pandemic, reports Reuters.

Wheat followed corn and soy higher but reversed course amid forecasts for crop-boosting rains in rival Black Sea export regions.

Soybeans drew strength from a USDA announcement on Tuesday of fresh export sales to China, which vowed in a trade agreement to sharply increase purchases of U.S. farm products.

Page 1 of 356
Next Page