Off the wire
• Toughest battles for Greek Olympic gold medalist shooter given outside stadiums: mother  • Results of women's 70kg judo final at Rio Olympics  • Uganda puts hope in Mutai in Rio Olympic Games  • Death toll from tropical storm Earl rises to 50 in Mexico  • Canadian stocks close down on falling crude  • U.S. stocks decline amid earnings reports  • (G20 Summit) G20 summit in China "couldn't have come at a better time" -- Chilean diplomat  • Strong wildfire hits S. France, four firefighters wounded: ministry  • Britain win men's synchronized 3m springboard Olympic gold  • Results of judo men 90kg class at Rio Olympics  
You are here: 　 Home

Chicago agricultural commodities closed mixed

Xinhua, August 11, 2016 Adjust font size:

Chicago Board of Trade (CBOT) grains futures closed mixed Wednesday, with soybean futures down on favorable crop weather and profit-taking after a five-session advance that was driven by resurgent export demand.

Corn futures firmed, gaining against soy ahead of a key U.S. government crop report due Friday, while wheat futures rose on hopes for fresh export business.

The most active corn contract for December delivery was up 0.5 cents, or 0.15 percent, to 3.33 dollars per bushel. September wheat delivery rose 4.75 cents, or 1.14 percent, to 4.2175 dollars per bushel. November soybeans fell 5.75 cents, or 0.58 percent, to 9.8225 dollars per bushel.

Soybeans fell on forecasts that added beneficial rains for the U.S. Midwest this week and later in the month as the crop continues to set pods.

Additional pressure stemmed from traders unwinding long soy/short corn spread positions. Soybeans have gained against corn in recent days in response to stepped-up export demand.

The U.S. Department of Agriculture through its daily reporting system confirmed sales of U.S. soybeans in each of the previous 10 trading sessions, although no new soy sales were reported on Wednesday.

Corn futures firmed but remained rangebound as traders awaited the USDA's monthly supply/demand reports on Friday, including the government's first U.S. corn and soy yield estimates based on field surveys. Endit