U.S. soybean and soymeal futures extended gains on Thursday to trade at levels last seen in 2014, as investors continued to fret about the prospect of reduced supply from exporter Argentina after a rain-hit harvest.
Cargill is temporarily closing its High River, Alberta, beef plant due to an outbreak of COVID-19 at the facility. Meanwhile, the company says it has re-opened its processing facility in Hazleton, Pennsylvania.
U.S. soybean futures rose to their highest in almost two years on Thursday to trade above the $11 mark as investors continued to price in strong export demand for U.S. soy in the face of a rain-reduced harvest in Argent
U.S. soybeans rose for a third consecutive session on Thursday, climbing to a nine-month high as buying by investment funds and concerns over adverse weather curbing yields in Argentina buoyed the market.
Chicago wheat rose for a fourth consecutive session on Monday to hit its highest in more than two weeks as adverse weather forecast for U.S. wheat belts encouraged short-covering by investors after a 5-1/2 year price lo