Off the wire
• Roundup: UN Council demands Yemeni parties resolve differences through dialogue  • Croatia to forks out 1.97 bln dollars to reduce unemployment  • EU to benefit from China's "new normal" economy, says Chinese Ambassador  • Roundup: U.S. stocks end mixed amid earnings, data  • Coaches satisfied after Madrid derby draw  • Results from comet lander reveal different story about Solar System  • Croatia, Bulgaria share good relationship: presidents  • Interview: Germany on right track in advancing Industry 4.0  • Einstein's previously unknown letter to his first love on exhibition in Switzerland  • 1st LD Writethru: U.S. stocks end mixed amid earnings, data  
You are here: 　 Home

Chicago corn, soybean rebounds on short coverings, wheat down on rains

Xinhua, April 15, 2015 Adjust font size:

Chicago Board of Trade (CBOT) agricultural commodities closed mixed Tuesday with wheat extended losses for rains while corn and soybean rebounded as funds have been active in covering shorts.

The most active corn contract for May delivery added 3 cents, or 0.81 percent, to close at 3.735 U.S. dollars per bushel. Wheat for July delivery decreased 3.75 cents, or 0.75 percent, to close at 4.9675 dollars per bushel. May soybeans gained 11.5 cents, or 1. 21 percent, to close at 9.6025 dollars per bushel.

Analyst said that wheat extended losses Tuesday on rain forecasts in the southern Plains, where concerns about persistent dryness have supported wheat. CBOT floor brokers report that funds sold 3,000 contracts of wheat before midday, according to AgResource, a Chicago-based agricultural research institute.

The U.S. Department of Agriculture said late Monday that the U. S. winter wheat crop was rated 42 percent good to excellent as of April 12, down 44 percent in the previous week, but still higher than 34 percent of the same period a year earlier. Analyst said the number have given additional pressure for wheat Tuesday.

As for the corns, the USDA said farmers had seeded 2 percent of the U.S. crop by Sunday, below analysts' expectations and gave boost for corns.

Meanwhile, the U.S. dollar declined against other major currencies on Tuesday, triggering short coverings on corn and soybeans. At noon, CBOT floor brokers report that funds bought 5, 000 contracts of corn. Enditem