Breaking News-RTRS-U.S. farmers raise price targets as market rallies
Posted by Labels: Trader's highlightCHICAGO, March 23 (Reuters) - U.S. farmers are raising their price targets to sell corn and soybeans in a sign of optimism amid a resurgent grain market fueled by sharp gains on Wall Street and farmer unrest in Argentina, a major competitor in the export market.
U.S. farmers are now setting their sights on selling soybeans for $10 per bushel and corn at $4.25, up from $9 and $4 last week, bolstered by corn hitting an eight-week high and soybeans touching a five-week top at the Chicago Board of Trade on Monday.
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