Off the wire
• Italy's growth level still "unsatisfying": minister  • U.S. dollar rises after sharp decline  • U.S. State Department approves 295.6 million dollars arms sale to Iraq  • U.S. stocks mixed amid corporate earnings, tumbling oil price  • Algerian army kills IS-linked militant, arrests another  • Kenya's Keitany eyes marathon world record in London  • Egypt's police kill terrorist involved in Sinai monastery attack  • Protests continue over referendum result in Turkey  • Slovak fruit growers to use technology to save crops from cold weather  • Dutch anti-bird flu measures lifted  
You are here: 　 Home

Chicago agricultural commodities settle mixed

Xinhua, April 19, 2017 Adjust font size:

Chicago Board of Trade (CBOT) grains futures closed mixed on Wednesday with soybeans rallying following a two-day loss.

The most active corn contract for July delivery remain unchanged, settling at 3.6825 dollars per bushel. July wheat delivery fell 2.5 cents, or 0.57 percent to 4.345 dollars per bushel. May soybeans rose 4.25 cents, or 0.45 percent, to 9.5025 dollars per bushel.

Corn traders are increasingly focusing on weather forecasts in the U.S. corn belt. Some meteorologists say there will be five dry days next week, long enough for corn seeding, while some others are worried about possible delay in planting. As a result, the corn futures remained unchanged on Wednesday for all May, July and September deliveries.

Plentiful stockpiles of wheat, both in the U.S. and the world, have prevented its futures from further rising, said analysts.

The Chinese government has just announced to cut its VAT tax from 13 percent to 11 percent on agricultural products.

The move is seen by many observers as a possible boost for China's soybean imports. The CBOT soybeans rallied following losses in the past two sessions. Enditem