Commodities
Grain Prices Move in Mixed Direction
The price of soybeans remained relatively stable on Wednesday, despite some modest gains due to short covering and technical buying.
Market observers are keeping a close eye on weather conditions in parts of the region, which could impact yields for later-developing beans.
Meanwhile, corn prices were lower due to profit taking and technical selling, with old crop sales reaching a marketing year low at 1.2 million bushels.
The wheat complex was higher on fund and technical buying, but did not test expanded trading limits, as traders monitor US and global weather conditions, as well as Black Sea export restrictions.