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Raw material: Soybeans and corn bounce back; wheat firms up

05/03/2025
Source : ORISHAS FINANCE
Categories: Raw materials

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Although concerns about escalating trade tensions between the United States and its major trading partners limited the rise, Chicago soybean and corn prices rebounded on Wednesday, recovering from their lowest levels since early January.

The Chicago Board of Trade's (CBOT) most active soybean contract added 0.3% to $10.02 per bushel, at 05:03 GMT, and corn added 0.9% to $4.55-3/4 per bushel.

Wheat gained ground, progressing for the first time in eight sessions. Wheat rose 0.4% to 5.38-3/4 dollars per bushel. The prices of these three products fell on Tuesday to their lowest level since the beginning of January, due to trade tensions between the world's main exporters and importers of agricultural products

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Trump's new tariffs threaten to hurt America's $191 billion agricultural export sector and increase costs for farmers facing low crop prices.

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