Soybean futures finished higher as trader optimism grew regarding China continuing to purchase U.S. supplies. January Soybeans rose 5.5 cents to 1137, while March reached 1145.75, with call options showing increased activity. Corn futures also advanced, driven by an export pace exceeding last year's levels and expanding demand, pushing prices near the top of a long-term sideways channel. March Corn gained 3.25 cents to 448.5. Wheat futures held firm, supported by a weaker U.S. dollar and a slight uptick in demand, despite mostly sideways trade throughout the week. March Wheat rose 2.25 cents to 542.75. Virginia McGathey notes implied volatility levels across the complex, with soybeans at 16.6% and wheat at 28.8%.
Learn More: https://www.cmegroup.com/markets/agriculture.html
#grains #agriculture #futures
Learn More: https://www.cmegroup.com/markets/agriculture.html
#grains #agriculture #futures