Home » Wheat, corn, soybean futures up on geopolitical tensionsSource: Sosland Publishing Co.
Recap for December 22
- Wheat futures jumped higher Tuesday on fresh concerns about safe shipping in the Black Sea after Ukraine missiles struck a Russian warship in Crimea, with short covering also a feature. Higher crude oil prices (supported by turbulence in the Mideast and ideas of US economic strength) gave corn and soybean futures a boost. Market moves often are more extreme amid thin holiday trading. March corn futures added 7¼¢ to close at $4.80¼ per bu. Chicago March wheat jumped 20¢ to close at $6.36¼ per bu. Kansas City March wheat added 19¾¢ to close at $6.42¾ per bu. Minneapolis March wheat was up 15¢ to close at $7.29¼ per bu. January soybeans gained 13½¢ to close at $13.13¼ per bu. January soybean meal was up $3.60 to close at $403.20 per ton. January soybean oil…
