From Successful Farming:
Soybean market hits its 70¢ limit up mark Wednesday.
U.S. farmers will plant lower corn and soybean acreage than the trade expected, according to the USDA.
As a result, the CME Group’s corn market hit its daily limit up (25¢) trading prices.
At the close, the May corn futures settled up its daily limit of 25¢ at $5.64 1/2.
July corn futures settled up its daily limit of 25¢ higher at $5.47 1/2.
New crop December corn futures closed up its daily limit of 25¢ at $4.77 1/2.
As a result, corn's daily trade limits will expand to 40¢ tomorrow.
May soybean futures finished up its daily limit of 70¢ at $14.36 1/2.July soybean futures ended up its daily limit of 70¢ higher at $14.27 1/2.
New crop November soybean futures settled up its daily limit of 70¢ at $12.56 3/4.
As a result, the soybean market's daily limits will expand, tomorrow, too $1.05.
May wheat futures closed 16¢ higher at $6.18....
....MUCH MORE
And more to come
