Soybean futures hit three-year high as grains rally broad Tuesday
November soybean futures rose to a three-year high, up 29 3/4 cents to 1317'6, as good-to-excellent crop ratings fell to 58%. December corn gained 8 1/4 cents to 546'0, and December wheat rose 8 1/2 cents to 782'4.
Grain markets continued their upward momentum on Tuesday, led by a surge in Soybean futures.
The November contract reached a three-year high, jumping 29 3/4 cents to 1317'6 as good-to-excellent crop ratings dropped to 58%.
December Corn futures added 8 1/4 cents to settle at 546'0 following stronger-than-expected weekly export inspections of 1.49 million metric tons.
Meanwhile, December Wheat futures gained 8 1/2 cents to close at 782'4, supported by solid export demand and ongoing spring wheat harvest progress.