NAPERVILLE, Illinois, June 11 (Reuters) - Speculators in the first days of June covered short positions across Chicago grains and oilseeds for a second consecutive week, motivated by dry weather for U.S. crops and multi-year lows across some contracts.
Most-active CBOT wheat, soybean and soybean oil futures on May 31 hit multi-year lows, and soymeal fell to multi-month lows, but everything recovered in the following days.
Gains across most-active CBOT futures in the week ended June 6 were as follows: corn 2.4%, soybeans 4.4%, wheat 6.2%, soymeal 1% and soyoil 10.2%. December corn rose 3% and November beans added 2.7%.
Click here to see more...