CHICAGO (Reuters) – Soybean futures traded on the Chicago Stock Exchange rose for a second straight session on Thursday, supported by strong export sales from the United States, mainly to China.
But the market was constrained by wheat losses and potentially crop-beneficial rains in the Midwest, analysts said.
The most active November contract advanced 15.25 cents at $14.0525 a bushel.
Wheat futures sank for a fifth session, hitting five-and-a-half-month lows on weak US export demand and rising Ukrainian supplies, analysts said.
The most active December wheat contract fell 31.50 cents to $7.49 a bushel after hitting $7.4325 a bushel, the lowest level on a rolling basis since Feb 3, 2022.
Corn futures rose on Thursday after trading close to flat for most of the trading session, with traders weighing strong export sales against rising grain shipments from Ukraine and indications of rain in the U.S. Midwest. .
The December contract gained 3.75 cents to $6.1575 a bushel.
(By Christopher Walljaspe)
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