Malaysian Palm Oil Council Russia's Post

GRAINS-Chicago grains firm on lingering worries over global supplies

BEIJING, April 14 (Reuters) - U.S. wheat and corn futures rose further in early Asian trading on Thursday, on worries over global supplies as the Russia-Ukraine war continued.

FUNDAMENTALS
The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 was up 0.6% at $11.28 a bushel.

CBOT corn Cv1 edged up 0.32% to $7.8-1/2 a bushel.

CBOT soybeans Sv1 rose 0.67% to $16.87-1/4 a bushel.

Talks to end a strike among grain-truck drivers in Argentina failed, raising a threat to corn and soy export during the key harvest season.

Dry weather in the U.S. Plains wheat belt continues to threaten the size and quality of the crop.

Worries over the global grains supplies linger as the war between Russia and Ukraine rages on.

China, the world's top soybean importer, brought in 6.35 million tonnes of the oilseed in March, down 18% on year.

MARKET NEWS
Asian shares tracked Wall Street higher, while U.S. Treasury yields steadied and dollar retreated, as latest U.S. data raised hopes that inflation may be close to peaking, though major central banks raised rates aggressively.
By: via Malaysian Palm Oil Council Russia