内容导读：HuitongFinancialAppNews--ChicagowheatfuturesroseslightlyonWednesdayHorizonforbiddenwestcrashingps4Astraders...……
Huitong Financial App News-- Chicago wheat futures rose slightly on WednesdayHorizonforbiddenwestcrashingps4As traders assessed the possible impact of dry weather conditions on supply in the main growing areas of Russia and the United StatesHorizonforbiddenwestcrashingps4The influence of.
Soybean futures fell for the second day in a row as the price of soybean oil fell sharply and the dollar strengthened, leading to higher import costs of US agricultural products and pressure on soybean futures prices. Corn fell slightly.
With plenty of supply and speculative investors expecting prices to fall, a lot of bearish bets were built up, with all three contracts falling to their lowest level in four years earlier this year.
CBOT wheat prices rose to a four-month high on Friday on fears that the drought would affect the southern plains of the United States and crops in southern Russia.Horizonforbiddenwestcrashingps4Speculators were forced to cover their positions for $4 at .33-1.
But this week's weather forecast shows that there will be some rain in Russia, causing oil prices to fall.
Dennis Woznetchanski, an analyst at the Commonwealth Bank of Australia, said: "the market is trying to figure out whether there is a problem with Russian production."
"if everything returns to normal in a week or two, it will depress prices," he said, adding that harvesting in the northern hemisphere would begin in the coming months and the market would be well supplied.
Arlan Suderman, an analyst at StoneX, wrote in a report that as Russia continues to export record amounts of wheat, "traders still have no reason to keep oil prices rising".
Traders also noted that Ukraine's grain exports increased in April despite Russian attacks on Ukrainian port infrastructure in the Black Sea.
In Argentina, a major soybean exporter, oilseed workers ended a two-day strike that disrupted shipments of soybeans, corn and wheat.
Public holidays in many European countries, such as France and Germany, limit European participation in the market.