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Soybeans, corn rebound on higher oil prices; US harvest caps upside
SINGAPORE: Chicago soybeans and corn firmed on Thursday, recouping some of the previous session’s losses as higher oil prices and positioning ahead of a monthly agricultural supply-demand report underpinned prices. Wheat eased, though a lack of supplies from the Black Sea region amid the Russia-Ukraine war limited losses. “This is typical time of the year when we see pressure on prices because of the US harvest,” said one trader in Singapore. “There is some support today because of higher oil prices.” The most-active soybean contract on the Chicago Board of Trade (CBOT) added 0.2% to $13.00 a ...
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