Off the wire
• 1st LD: UN Security Council adopts resolution to enforce arms embargo on Libya  • Giants Portugal held 1-1 by minnows Iceland in EURO 2016 Group F  • Uruguay keen on free-trade deal with China: FM  • Brazilian Supreme Court shelves Rousseff's request on rights during impeachment trial  • Portugal 1 Iceland 1 - result (updated)  • Urgent: MSCI delays inclusion of China A-shares in its EM Index  • Canadian stocks plunge as financials, energy fall  • Euro 2016 standings after Tuesday' s matches  • Leading scorers of Euro 2016 after Tuesday' s matches  • Euro 2016 results on Tuesday  
You are here: 　 Home

Chicago agricultural commodities close mixed

Xinhua, June 15, 2016 Adjust font size:

Chicago Board of Trade (CBOT) corn extended gains on Tuesday, wheat declined for its fourth successive trading days, while soybeans settled a little higher.

The most active corn contract for July delivery gained 6.50 cents, or 1.51 percent, to close at 4.365 dollars per bushel. July wheat delivery fell 6.25 cents, or 1.27 percent, to settle at 4.85 dollars per bushel. July soybeans added 0.50 cents, or 0.04 percent, to close at 11.695 dollars per bushel.

The U.S. Department of Agriculture (USDA) said Tuesday morning that private exporters reported export sales of 136,000 metric tons of corn for delivery to Japan and analysts noted that this fresh export news supported corn higher.

Additionally, the hot, dryer weather forecast in U.S. Midwest corn planting belt continued to help corn extend gains.

USDA also announced export sales of 110,000 tons of soybeans for delivery to unknown destinations.

In the weekly crop progress report released Monday after the market closed, USDA rated 75 percent of corn at good or excellent condition till week of June 12, which was unchanged from the previous week, but 2 percent lower than previous year.

USDA said in the report that soybean was 74 percent good or excellent, 2 percent higher than previous week and 7 percent higher than previous year.

As for the wheat, USDA said that winter wheat harvest 11 percent, winter wheat condition was 61 percent of good to excellent, higher than previous week and previous year.

USDA rated 79 percent of spring wheat at good to excellent condition, unchanged from last week, but 9 percent higher than previous year. Analysts noted that these numbers have boosted expectation of ample wheat supply, pressing wheat lower on Tuesday. Wheat already settled lower for its fourth trading days in a row on Tuesday. Endit