Off the wire
• Euro­-Atlantic integration remains top priority of Macedonia: minister  • Lebanon calls on UN to press Israel to reveal location of landmines  • Oil prices climb ahead of data  • Omega-3 therapy may help reverse type 1 diabetes: study  • U.S. dollar rises on upbeat data  • Lebanon denounces St. Petersburg terror attack  • Gold rises amid geopolitical uncentainties  • News Analysis: Anti-terror war, Russian regional expansion bring Egypt, U.S. closer  • UN-backed Cyprus talks to resume: UN spokesman  • UN anti-crime chief calls for vigilance with rising attacks by Somali pirates  
You are here: 　 Home

Chicago agricultural commodities settle lower

Xinhua, April 4, 2017 Adjust font size:

Chicago Board of Trade (CBOT) grains futures closed lower on Tuesday, following a two-day bounce on corn and wheat.

Corn and wheat futures had risen for two straight sessions, boosted by a projection that U.S. farmers would plant less corn and wheat and switch to soybean.

The most active corn contract for May delivery went down 4.75 cent, or 1.29 percent, to 3.63 dollars per bushel. May wheat delivery slipped 0.75 cents, or 0.18 percent, to 4.27 dollars per bushel. May soybeans dropped 0.5 cents, or 0.05 percent, to 9.3775 dollars per bushel.

The U.S. Department of Agriculture (USDA) reported last Friday that American farmers would plant less acres of corn and wheat and more of soybean this year. After a two-session rise, Corn and wheat futures settled lower on Tuesday due to profit taking.

Soybean futures, pressured by larger acres in the U.S. and a record-high harvest in south America, continued its down-turn.

By contrast, the outside markets, including the gold, the oil, the Dow Jones Industrials and the U.S. dollar, were all higher and stronger on Tuesday. Enditem