Chicago corn non-farm day rose by 3.3%, soybean oil rose by over 7.9%, and this week it rose by about 14.7%

Wallstreetcn
2025.01.10 20:27

On Friday (January 10), at the end of trading in New York, the Bloomberg Grains Index rose by 2.02%, closing at 32.4041 points. After the release of the USDA monthly report at 01:00 Beijing time, it surged from a flat position below 31.8 points to a daily high of 32.6271 points, accumulating a weekly increase of 3.11%. CBOT corn futures rose by 3.29%, closing at $4.71 per bushel, gaining about $0.20 after the USDA monthly report was released, with a weekly increase of 4.49%. CBOT wheat futures fell by 0.80%, closing at $5.29-3/4 per bushel, briefly turning positive after the USDA monthly report was released, remaining roughly flat for the week. CBOT soybean futures rose by 2.24%, closing at $10.14-1/4 per bushel, remaining roughly flat for the week; soybean meal futures fell by 0.17%, with a cumulative weekly decline of 3.34%, while soybean oil futures rose by 7.93%, accumulating a weekly increase of 14.69%

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