Aftershock ripples through grain markets
Thursday, April 07, 2022 7:27 PM

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Corn was off 1 1/2 to off 4, soybeans were off 12 3/4 to off 13 1/2, wheat was off 9 to off 12 and oats were up 1/2 to up 2.

Corn futures traded on narrow margins in advance of a U.S. Department of Agriculture stockpile report due Friday. Wheat remained under selling pressure as traders moved to liquidate positions after a 7.4-magnitude aftershock shook the east coast of Japan. Soybean futures also lost ground after reports of the aftershock, which was considered significant, but not as powerful as the 9 magnitude earthquake hit of March 11.

The prices:

Corn: May 7.59 off 4, Jly 7.66 1/4 off 4 1/4, Sep 7.02 off 1 1/2, Dec 6.44 1/4 off 3 1/4.

Soybeans: May 13.63 1/2 off 13, Jly 13.75 1/2 off 12 3/4, Aug 13.75 1/2 off 13 1/2, Sep 13.72 1/2 off 13 1/4.

Wheat: 7.73 1/4 off 9, Jly 8.09 off 9 1/4, Sep 8.45 1/4 off 10 1/2, Dec 8.75 off 12.

Oats: May 3.73 1/2 off 18 1/2, Jly 3.82 off 18 1/2, Sep 3.89 off 16, Dec 3.96 1/2 off 13.

(Source: UPI )
(Source: Quotemedia)
 

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