GRAINS-Soybeans and corn rise thanks to sliding dollar, hot Argentina weather
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Chicago Board of Trade corn and soybean futures rose due to hot, dry weather in Argentina and a weakening U.S. dollar. Corn increased by 0.1% to $4.27 per bushel, soybeans by 0.3% to $10.70-1⁄2, and wheat by 0.2% to $5.24-1⁄2. The dollar is near a four-year low, making U.S. commodities cheaper for foreign buyers. Argentina's agricultural regions are in need of rain, with temperatures reaching 104°F (40°C). Despite this, global supply keeps prices below 2022 peaks. Russia's wheat export forecast was raised by 1.1 million tons to 45.7 million tons for 2025/26.
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