Off the wire
• Zambian striker lauds move to French club  • Canada's Barber wins men's pole vault at Zurich Main Station  • 1st LD Writethru: U.S. dollar rises as stocks stabilize  • Zambian runners confident of reaping medals at All Africa Games  • U.S. economy continues to expand across most regions, Fed survey  • No. 7 Ferrer sweeps into US Open third round  • 1st LD Writethru: U.S. stocks rebound strongly amid Beige Book, mixed data  • Norway opens rented prison in Netherlands to avoid overcrowding  • Italy stresses parliaments' strategic function in fight against inequality  • Roundup: First Danish astronaut entering space hailed as "milestone"  
You are here: 　 Home

Chicago corn extends losses on harvest pressure,wheat retreats,soybean unchanged

Xinhua, September 3, 2015 Adjust font size:

Chicago Board of Trade (CBOT) corn extended losses Wednesday on the upcoming harvest, and wheat retreated amid pressure from global ample supplies and low price of the overseas crop, while soybeans remained unchanged.

The most active corn contract for December delivery fell 1.5 cents, or 0.41 percent, to close at 3.675 U.S. dollars per bushel. December wheat delivery lost 7.25 cents, or 1.49 percent, to close at 4.79 dollars per bushel. November soybeans were unchanged at 8.74 dollars a bushel.

Wheat weighed down by the prospect of ample global supplies and lower price of overseas crops, according to analysts. There were news on the market that France will export to Algeria a new tender wheat in a lower price comparing to the U.S. wheat. While the dollar turned firmer Wednesday, making the U.S. wheat relatively more expensive to buyers holding other currencies.

Corn settled lower with some pressure from the upcoming harvest as cutting is under way in the southeast and is just beginning in central and southern parts of the state of Illinois, according to Farm Futures Daily.

Some analysts also said that the drop in wheat weighed on corn Wednesday. Endit