Soybean Futures Rise on Us-China Trade Optimism

Wheat Futures Rise AMID Russia-Ukraine Tensions

Corn Futures Mostly Higher But Us Export Pace Seen Slowing

Chicago, – Chicago Board of Trade Soybean Futures Climbed to A One -White High on Thursday on Optimism about Two Countries Spoke by Phone for more than an hour.

Wheat Futures FIRMED on Short-Covering and Rising Tensions Between Major Grain Suppliers Russia and Ukraine. Corn Futures Were Mostly Higher but a Slowing Us Export Pace Capped Gains in the Most-Active July Contract.

As of 12:58 pm CDT, CBOT July Soybeans WERE Up 9 Cents at $ 10.54 per Bushel after Rising To $ 10.56-3/4, The Contract’s Highest Since May 28. July Corn Was up 3/4 CEN was up 3/49-1 Bushel and July wheat was up 2-3/4 cents at $ 5.46 a Bushel.

Soybeans Drew Support on News that Us President Donald Trump and Chinese Leader Xi Jinping Held a Rare Leader-to-Leader Call. Trump said on social media that talks, which focused primarily on Trade, LED to “a very positive conclusion,” Announcing further lower-centena discusations.

“The two Leaders Finally Got Togetra. The trade is hoping it will give us some soybean business,” said Tom Fritz, A Partner with Efg Group in Chicago.

OTED Support from Outlooks for Warmer and Drier Weather in Mid-June that Could Stress Developing Us Crops.

Corn Futures Were Mostly Higher But Gains in the Benchmark July Contract, Represting Last Year’s Us Harvest, Trailed These in the December Contract, Whoich Reflects the 2025 Us Harvest.

Some brokers said demand for “old-crop” Us corn is cooling, with the harvest of brazil’s big second-season corn crop about to begin. The US department of Agriculture Reported Weekly Export Sales of Us Old -P CRN in the latest week at 942,300 metric tons, in line with trade expectations, but Down 31% from the Prior from the Prior FOROM FOURMER FOURMING AVERDERAGE.

Wheat Futures FIRMED As Traders Monitored Developments in the Black Sea Region, where ukraine has stepped up attacks on russian targets. The movies prompted russian president vladimir putin to tell trump that Moscow would have to respond, Escalating Worries Over Grain Supplies.

This article was generated from an automated news agency feed without modifications to text.