Off the wire
• Nigerians among seeded players in ITTF World Championships  • New funding rules to address UK's animal experiment issues  • France announces public speading cuts to respect fiscal pledges  • Nigeria defeats Egypt 4-1 in African beach soccer championship  • Interview: AIIB not a rival to other multilateral development banks: Swiss official  • Chinese envoy highlights role of development in ending sexual violence in conflicts  • French president pays state visit to Switzerland  • IMF calls for cut in fossil energy subsidies amid low oil prices  • 1st LD Writethru: U.S. stocks rally on upbeat earnings, rebounding oil  • Tumor-only genetic sequencing may mislead treatment for cancer patients: study  
You are here: 　 Home

Chicago corn, soybeans up, wheat retreats on rains

Xinhua, April 16, 2015 Adjust font size:

Chicago Board of Trade (CBOT) agricultural commodities closed mixed Wednesday with wheat extending losses on rainfall forecast in key wheat-growing areas, soybeans and corn gaining on better-than-expected data.

The most active corn contract for May delivery added 2.5 cents, or 0.67 percent, to close at 3.76 U.S. dollars per bushel. Wheat for July delivery decreased 7.5 cents, or 1.51 percent, to close at 4.89 dollars per bushel. May soybeans gained 4.75 cents, or 0. 49 percent, to close at 9.65 dollars per bushel.

The National Oilseed Processors Association (NOPA) said Wednesday that 162.8 million bushels of soybeans were crushed in March, well above trade estimates of 155.3 million and higher than the same period of last year.

Analysts said that the better-than-expected figure will further strengthen expectations of the market demand for soybeans, boosting the crop. Agresource, the Chicago-based research institute said that NOPA members have to crush an additional 10.5 Mil bushel per month to reach the U.S. Department of Agriculture's annual forecast.

Wheat fell for a third straight session to a four-week low after the weather forecast continued to predict rains late this week in key wheat-growing areas. Endite