GFM Network News


CBOT May 2021 soybeans (candlesticks) with 20- and 50-day moving averages (yellow, light green lines) and May 2021 soyoil (dark green line). (Barchart)

CBOT weekly outlook: May corn, soybeans reach eight-year highs

Prices seen as indicating crop scarcity

MarketsFarm — At the Chicago Board of Trade, old-crop contracts for corn and soybeans were trading at continually rising prices over the past week and one analyst believes there is a short squeeze. The May corn contract went from about $6.50 per bushel on April 22 to $7.20/bu. five days later (all figures US$). Over […] Read more