Off the wire
• 1st LD Writethru: U.S. stocks decline after Greek vote  • 1st LD: Obama says no plan to send more U.S. troops abroad to fight IS right now  • Urgent: Obama says no plan to send more U.S. troops abroad to fight IS right now  • 1st LD Writethru: U.S. dollar rises against euro amid Greece worries  • Hollande, Merkel say door remains open for discussions with Greece  • 1st LD Writethru: Oil prices plunge amid Greek worries  • ECB maintains level of ELA to Greek banks  • Urgent: U.S. stocks declined after Greek vote  • Greek crisis overhangs EP plenary session  • Kenyan shilling hits 3-year low against USD amid weak exports  
You are here: 　 Home

Chicago corn, soybean futures prices retreat on drier weather; wheat extends gain

Xinhua, July 7, 2015 Adjust font size:

Chicago Board of Trade (CBOT) corn, soybeans futures prices retreated Monday as drier weather in the U. S. Midwest could rescue the condition of the two crops, while wheat extended gain.

The most active corn contract for December delivery lost 2.25 cents, or 0.51 percent, to close at 4.35 U.S. dollars per bushel. September wheat delivery gained 5 cents, or 0.85 percent, to close at 5.955 dollars per bushel. November soybeans fell 15.5 cents, or 1.5 percent, to close at 10.1475 dollars per bushel.

The weather forecast is warmer and drier in the coming days with below average rainfall and above average temperatures for most producing areas of the Midwest. Analysts said that drier weather could rescue the condition of soybeans and corn, which have suffered after weeks of rain.

Some analysts said concerns about heat wave and dryness in Europe and dryness in Canada supported Chicago wheat futures as the continued dryness may deteriorate the condition of wheat and lower their exports also. Endite