Grain futures prices soybean grain futures prices climbed
Soybean grain futures prices climbed modestly to $12.52/bushel, supported by private sales to unknown destinations, sparking speculation of Chinese buying. Traders eye $12.65 as next technical hurdle. Fundamentals remain firm if crush pace holds steady into mid-year. For those who want to help, be thoughtful with your purchasing. Some farms in the United States and Spain have begun to grow chilhuacles, but the resulting peppers are less flavorful and don't support the ancestral origins of the chile. If you do buy chilhuacle negros, try to purchase those grown in Oaxaca, so they can keep their traditional heritage alive. Australian premium white (APW) wheat prices were up by $3 per tonne through the week to $260 per tonne for August loading, along with Australian standard white (ASW) also increasing by $4 per tonne to $254 per tonne FOB Western ports. Wheat grain futures prices consolidated near $6.15/bushel, with volume lighter than average, suggesting traders await fresh catalysts. Analysts point to potential Russian export tax adjustments as key to directional bias for Q
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