Soybean futures rose the most in three weeks on signs that rain will hinder harvesting in the U.S., the world’s biggest producer. Wheat climbed to the highest since June, and corn gained.
In Minnesota, John Nephew became a relative rarity this week: an American who logged onto one of the government’s new online health-insurance marketplaces and exited as a satisfied customer.
Soybean futures advanced for the second straight day on signs that rain will hinder harvesting in the U.S., the world’s biggest producer. Wheat climbed to the highest since June, and corn gained.
Soybean futures jumped the most in a week on speculation that a lack of rain in the past 30 days damaged prospects for yields in the U.S., the world’s biggest producer. Wheat and corn dropped.
Soybeans rallied to a one-week high after China, the world’s largest buyer, made the sixth-biggest purchase ever from the U.S. Wheat fell for a fourth straight session, and corn was little changed.
Soybeans fell for a second day in Chicago, paring a monthly gain, as predictions for rain in the U.S. Midwest eased concern that heat and dryness will hurt yields. Corn rose, while wheat declined.
Corn fell, extending the longest slump in three months, and soybeans declined on concern that economic growth in China will slow, reducing demand for livestock feed and food.
Corn futures jumped the most in 10 months as rain and frigid weather slowed the pace of planting in the U.S., the world’s top exporter. Wheat and soybeans rose.
Corn futures fell for a fourth straight session and soybeans dropped for a second day on speculation that a stronger dollar will erode demand for commodities.
Corn extended declines to a 33-month low and soybeans fell on speculation that U.S. crops will benefit from cooler weather and rain in the next two weeks. Wheat rose.
"Wet weather slowed planting and low temperatures stunted crop development in the spring, leaving some end-users in a lurch trying to fill needs."
- Jim Gerlach on Oct 03, 2013