In the United States, the futures for corn almost did not change overnight after yesterday's trading, reaching the highest level in three years.
Soy and wheat have also changed little in price. Corn ended Thursday, May 30, with a decline, but soybeans rose 16 cents.
In most of the Midwestern United States, precipitation fell six times the normal level, and this led to the fact that corn and soybean crops lagged significantly behind previous five-year averages for this time of year. In some areas, rainfall is expected, which will further delay sowing.
At the same time, investors are concerned about the ongoing trade dispute between the US and China. According to Bloomberg, Beijing may stop buying soybeans in the United States in the future, although it will not cancel shipments already ordered.
At the Chicago Board of Trade, corn futures increased by a quarter of a dollar overnight, to $ 4.20 a bushel. Soybeans for May deliveries fell by two and a quarter dollars - up to 8.69 dollars per bushel.
Soybean flour fell 20 cents to $ 318.80 a ton, and soybean oil fell 0.11 cents to 27.62 cents a pound. Wheat in Chicago for May shipments rose to $ 5.91 per bushel, while in Kansas City, wheat rose to $ 4.53 per bushel.