Soybean Futures Rise on China Demand, Wheat and Corn Decline Amid Ample Supplies
2 hours agoBusiness
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1 SourcesBeijing, China
TBNthebalanced.news
Soybean Futures Rise on China Demand, Wheat and Corn Decline Amid Ample Supplies

Chicago soybean futures are poised for their first annual gain in three years, driven by China's renewed purchasing following a trade truce. Despite this, ample global supplies are limiting the advance. Meanwhile, wheat and corn futures are set for a third consecutive year of declines due to abundant world supplies. Argentina and Russia are forecasting record or increased wheat harvests and exports, respectively, while traders monitor Chinese buying activity and potential resolutions to the Ukraine conflict.

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