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Chicago agricultural commodities close mixed

Xinhua, March 4, 2015 Adjust font size:

The Chicago Board of Trade (CBOT) agricultural commodities closed mixed on Tuesday with corn and wheat rising, while soybeans slightly falling.

The most active corn contract for May delivery rose 3 cents, or 0.77 percent, to close at 3.91 U.S. dollars per bushel. Soybeans for May delivery fell 1.5 cents, or 0.15 percent, to close at 10. 1225 dollars per bushel. May wheat added 6 cents, or 1.20 percent, to close at 5.06 dollars per bushel.

Corn and wheat rose as some traders are saying that wet weather across Argentina is going to cause harvest delays. In addition, analysts note that the market lacks much news to drive price direction.

Soybeans fell amid technical sell-off as Brazilian truckers strike is likely to ease ahead of negotiations, analysts said, adding that a supply-driven bear market in soybeans is ahead.

A warmer weather is forecast for the Central U.S. into mid March with several short waves producing showers or snows. Endite