Off the wire
• Xinhua Middle East news summary at 2200 GMT, Jan. 12  • 1st LD Writethru: U.S. stocks extend losses as oil continues fall  • Senegal president urges more diversified cooperation with Algeria  • BPA replacement also affects brain development in zebrafish: study  • Paris-based energy giant Total to sponsor badminton  • UN reports rise in women managers, urges greater efforts for workforce equality  • Germany, Turkey to begin regular gov't consultations  • 1st LD Writethru: U.S. dollar falls against yen amid safe-haven demand  • White House: We should have sent higher-profile official to Paris  • EU's neighborhood policy should be more flexible: commissioner  
You are here: 　 Home

Chicago agricultural commodities close mixed

Xinhua, January 13, 2015 Adjust font size:

Chicago Board of Trade agricultural commodities closed mixed on Monday with corn rising, wheat and soybeans falling.

The most active corn contract for March delivery added 1.75 cents, or 0.44 percent, to close at 4.02 U.S. dollars per bushel. Soybeans for March delivery lost 36.25 cents, or 3.44 percent, to close at 10.16 dollars per bushel. March wheat dropped 8.25 cents, or 1.46 percent, to close at 5.555 dollars per bushel.

The "World Agricultural Supply and Demand Estimates report" ( WASDE) for January, released on Monday by the U.S. Department of Agriculture (USDA), showed that the world's 2014 corn production was reduced to 988.1 million tons, down 3.5 million tons from the prior month due to lower U.S. production estimate. Global soybean production is estimated at a record high of 314.4 million tons, up 1.6 million tons from December due to more South American production and higher U.S. soybean yield. Global wheat production was raised to a record level with end stocks rising to an ample 196 million tons.

The December USDA report is considered slightly bullish for corn as the U.S. yield drop was larger than expected, but bearish for soybeans and wheat. Enditem