US grain futures up on domestic supply concerns

01.04.2021

Chicago soybean and corn futures surged by their daily trading limits on Wednesday after the U.S. Agriculture Department released smaller-than-expected U.S. planting intentions.

Wheat followed higher, despite the USDA's higher-than-expected quarterly grain stocks.

The most-active soybean futures contract on the Chicago Board of Trade (CBOT) added 70 cents to $14.36-3/4 per bushel,...