Prices hold firm on global demand [Financial Post (Toronto, Ontario, Canada)]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Financial Post
Remote, secure access to files is essential for small businesses Advertisement global demand and slow-moving harvests in some major production zones. Record highs for palm oil futures lent support to oilseeds including soybeans. Slow-moving soybean harvesting in part of the U.S. Midwest and rain-delayed corn harvests across Europe and in China were also underpinning grain futures. A recent rally in crude oil has also fueled demand for crop-based biofuel Advertisement Article content and traders were awaiting weekly U.S. Energy Information Administration figures later on Wednesday for an update on biofuel. The most-active soybean contract on the Chicago Board Of Trade (CBOT) was up 0.7% at $12.37 a bushel by 1143 GMT. It was trading near Tuesday's one-week peak of $12.39-1/4 as it recovered from a 2021 low struck last week. CBOT wheat added 0.7% to $7.40-3/4 a bushel and corn was up 0.6% at $5.33-1/2 a bushel. “There is more upside potential in pric
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