Chicago Board of Trade (CBOT) soybean futures closed more than 1 percent higher on Friday, as traders anticipated China will buy more from U.S. inventories.
The most active corn contract for March delivery went up 1 cent, or 0.27 percent, to close at 3.755 U.S. dollars per bushel. March wheat delivery rose 1 cent, or 0.2 percent, to close at 5.115 dollars per bushel. March soybean delivery was up 13 cents, or 1.47 percent, to close at 8.955 dollars per bushel.
Traders were missing details on daily U.S. grain export sales, which the U.S. Department of Agriculture (USDA) has not been reporting during the federal government's partial shutdown.
Still, traders seem optimistic that China and other customers are making purchases that aren't being reported, as evidenced by the price increase this morning.
According to USDA, China purchased more than 2.7 million metric tons of U.S. soybeans in the past couple of weeks.
CBOT corn and wheat futures also rose, as short covering and technical buying helped lift prices after the grain and soy markets neared one-month lows this week.
As for weather forecast for agricultural crop, winter weather conditions are expected to continue for much of South Dakota and parts of Minnesota and northern Wisconsin on Friday, according to the National Weather Service.
The most active corn contract for March delivery went up 1 cent, or 0.27 percent, to close at 3.755 U.S. dollars per bushel. March wheat delivery rose 1 cent, or 0.2 percent, to close at 5.115 dollars per bushel. March soybean delivery was up 13 cents, or 1.47 percent, to close at 8.955 dollars per bushel.
Traders were missing details on daily U.S. grain export sales, which the U.S. Department of Agriculture (USDA) has not been reporting during the federal government's partial shutdown.
Still, traders seem optimistic that China and other customers are making purchases that aren't being reported, as evidenced by the price increase this morning.
According to USDA, China purchased more than 2.7 million metric tons of U.S. soybeans in the past couple of weeks.
CBOT corn and wheat futures also rose, as short covering and technical buying helped lift prices after the grain and soy markets neared one-month lows this week.
As for weather forecast for agricultural crop, winter weather conditions are expected to continue for much of South Dakota and parts of Minnesota and northern Wisconsin on Friday, according to the National Weather Service.
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