CANBERRA, Feb 12 (Reuters) – Chicago soybeans and corn futures edged higher on Monday, but remained near three-year lows as the U.S. government raised its estimates for inventories and speculators bet on further price drop amid plentiful global supply. Wheat edged lower as cheap shipments from the Black Sea region continued to pressure prices. * The most-active soybean contract on the Chicago Board of Trade (CBOT) was up 0.3% at $11.87-1/2 a bushel by 0157 GMT and CBOT corn edged 0.2% higher to $4.29-3/4 a bushel, while wheat dipped 0.1% to $5.96 a bushel. * Beans and corn fell last week to their lowest levels since December 2020, with soybeans at $11.79 and corn at $4.28-1/4. Wheat is holding some…
Published Date: 2024-02-12
Source: Market Screener
Categories: Society, Issues, Economic, Business, Investing, Day Trading, Commodities and Futures, Agriculture and Forestry, Marketplaces
