World markets for grains and oilseeds

Soybean futures on the Chicago Mercantile Exchange rose as traders balanced positions ahead of a key U.S. Department of Agriculture supply and demand report due Friday, with March soybean futures on the CBOT rising 4.5 cents to $9.99 a bushel. Dry weather in Brazil and heavy rains in central regions could affect soybean development and harvests, but a record crop is still expected. The USDA is expected to raise its crop estimate for the world’s top supplier to a record 170.28 million metric tons. Meanwhile, wheat futures on the Chicago Mercantile Exchange fell as the U.S. dollar strengthened and traders adjusted ahead of the USDA’s supply and demand report due Friday. Taiwan mills bought a total of 114,650 tonnes of wheat from the US.

Soybean futures on the Chicago Mercantile Exchange rose Thursday as traders balanced positions ahead of a key U.S. Department of Agriculture supply and demand report due Friday. March soybean futures on the CBOT rose 4.5 cents to $9.99 a bushel. March CBOT soybean meal futures fell $1.50 to $299.30 a short ton, and March soybean oil futures rose 1.17 cents to 42.76 cents a pound. In Brazil, dry weather is limiting soybean development in the southernmost state, while heavy rains could hamper early harvests in central regions, meteorologists said. Even so, Brazil is expecting a record soybean crop. Analysts, on average, expect the USDA to raise its crop estimate for the world’s top supplier to a record 170.28 million metric tons. Day Trading Jan 25 Soybeans are at $9.90, up 2 1/2 cents, Nearby Cash is at $9.40, up 1 cent, Mar 25 Soybeans are at $9.95 1/2, up 1 cent, Jul 25 Soybeans are at $10.18, unch Ahead of the U.S. Department of Agriculture’s weekly export sales report due ...