Investing.com - U.S. grain futures were broadly higher on Tuesday, with soybean prices bouncing off a one-month low as market players continued to monitor crop prospects and weather forecasts in the U.S. Midwest.
On the Chicago Mercantile Exchange, soybeans futures for November delivery traded at USD13.2163 a bushel, up 1%. Prices of the oilseed rose by as much as 1.15% earlier in the session to hit a daily high of USD13.2263 a bushel.
The November soy contract settled down 0.6% at USD13.0760 a bushel on Monday, after falling to USD13.0562, the lowest level since August 21.
The U.S. Department of Agriculture said on Monday that approximately 3% of the U.S. soy harvest was completed as of September 22, significantly below the 21% harvested in the same week a year earlier. The five-year average for this time of year is 9%.
The USDA also said that 50% of the soy crop was in ‘good’ to ‘excellent’ condition as of last week, unchanged from the previous week.
Elsewhere on the CBOT, corn futures for December delivery traded at USD4.5488 a bushel, up 0.35%. Prices held in a tight range between USD4.5138 a bushel, the daily low and a session high of USD4.5688 a bushel.
The December corn contract settled 0.5% higher on Monday to end at USD4.5320 a bushel. Earlier Monday, prices fell to a six-week low of USD4.4837 a bushel.
The USDA said that nearly 7% of the corn harvest was completed as of last week, up from 4% in the preceding week.
The agency said that approximately 55% of the corn crop was rated in ‘good’ to ‘excellent’ condition, improving from 53% a week earlier. Only 24% of the crop was in ‘good’ to ‘excellent’ condition in the same week a year earlier.
Meanwhile, wheat for December delivery traded at USD6.5450 a bushel, up 0.1%. Wheat futures traded in a range between USD6.5313 a bushel, the daily low and a session high of USD6.5788 a bushel.
The December contract settled up 1.1% at USD6.5340 a bushel on Monday.
The USDA said that nearly 93% of the spring-wheat crop was harvested as of last week, up from 90% a week earlier and in line with the five-year average for this time of year.
Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.
On the Chicago Mercantile Exchange, soybeans futures for November delivery traded at USD13.2163 a bushel, up 1%. Prices of the oilseed rose by as much as 1.15% earlier in the session to hit a daily high of USD13.2263 a bushel.
The November soy contract settled down 0.6% at USD13.0760 a bushel on Monday, after falling to USD13.0562, the lowest level since August 21.
The U.S. Department of Agriculture said on Monday that approximately 3% of the U.S. soy harvest was completed as of September 22, significantly below the 21% harvested in the same week a year earlier. The five-year average for this time of year is 9%.
The USDA also said that 50% of the soy crop was in ‘good’ to ‘excellent’ condition as of last week, unchanged from the previous week.
Elsewhere on the CBOT, corn futures for December delivery traded at USD4.5488 a bushel, up 0.35%. Prices held in a tight range between USD4.5138 a bushel, the daily low and a session high of USD4.5688 a bushel.
The December corn contract settled 0.5% higher on Monday to end at USD4.5320 a bushel. Earlier Monday, prices fell to a six-week low of USD4.4837 a bushel.
The USDA said that nearly 7% of the corn harvest was completed as of last week, up from 4% in the preceding week.
The agency said that approximately 55% of the corn crop was rated in ‘good’ to ‘excellent’ condition, improving from 53% a week earlier. Only 24% of the crop was in ‘good’ to ‘excellent’ condition in the same week a year earlier.
Meanwhile, wheat for December delivery traded at USD6.5450 a bushel, up 0.1%. Wheat futures traded in a range between USD6.5313 a bushel, the daily low and a session high of USD6.5788 a bushel.
The December contract settled up 1.1% at USD6.5340 a bushel on Monday.
The USDA said that nearly 93% of the spring-wheat crop was harvested as of last week, up from 90% a week earlier and in line with the five-year average for this time of year.
Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.