© Archyde.com/Daniel Acker
Archive image of soybeans and corn on the floor of a barn while a truck is loaded with soybeans on a farm in Buda, Illinois
Por Christopher Walljasper
CHICAGO, Jan 4 (Archyde.com) – Soybean and corn futures rose Tuesday in Chicago, supported by dry weather in parts of South America that might affect yields in rival export markets, while wheat later advanced. of three sessions in low.
* The most active soybean contract on the Chicago Stock Exchange rose 31.5 cents to $ 13.87 a bushel at 1803 following hitting $ 13.8775 a bushel, its highest level since July 22, 2021.
* Corn earned 18 cents at $ 6.0725 a bushel and wheat earned 9 cents at $ 7.67 a bushel.
* Weather forecasts once more spoke of hot and dry conditions in Argentina and southern Brazil, following last week’s rains, while the early harvest in northern Brazil was slowed by rainfall.
* Consulting firm StoneX cut Brazil’s corn and soybean harvest forecasts on Monday, with oilseed production now forecast at 134.0 million tonnes from 145.1 million in December, and corn production at 117.5 million tons from 120.1 million in December.
* The wheat market was supported by lower global supplies. Condition ratings for winter wheat fell sharply during December in Kansas and Oklahoma, the two top producers of winter wheat in the United States, the USDA Department of Agriculture said on Monday.
* The most active wheat contract found technical support at its 100-day moving average for the second time in three weeks.
(Reporting by Christopher Walljasper; Edited in Spanish by Javier Leira)
