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Chicago soybean futures surged to their highest since last summer as the market priced in South American drought losses that could curb global export supplies. Wheat rebounded after a two-day slide amid Russia-Ukraine tensions, and corn hit a seven-month high.
Lower South American crop expectations raise demand for U.S. exports and support prices across soybeans, corn and wheat for feed buyers. Geopolitical risk to Black Sea shipments adds upside pressure on wheat.
financialpost.comReutersJan 28, 2022Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
