On Wednesday, January 24 wheat futures grew significantly (+2.7%) supported by the Dollar index decline and persisting drought in the Southern and Central Plains.
On Wednesday, January 24 corn futures showed gains due the falling dollar value and rising wheat prices. Moreover, the USDA data on the growth of corn exports and increase in ethanol production in the USA supported the market.
On Wednesday, January 24 soybean futures continued to grow. The market got support from news on moisture deficit in Argentina and the US export sale of 132,000 MT of soybean meal to the Philippines.
CBOT trading session results, January 24
On Wednesday, January 17th, the EU law makers approved a plan for reforming the energy market in order to reduce energy consumption and prevent climate change.