Soybeans rise as weather encourages short coverage; corn reaches 6-month peak

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Soybeans rise as weather encourages short coverage; corn reaches 6-month peak

Commodity funds maintained a record net short position in soybean meal futures in mid-December. (iStock.com/Drs Producoes) The futures of soy us United States rose more than 1% on Thursday and soybean meal futures hit a two-month high as concerns about dry weather in parts of Argentina led speculators to exit short positions before the new year, according to analysts. Wheat futures rose after a massive purchase of the cereal by Algeria’s …