Chicago soybeans rally in morning trading
Xinhua,December 16, 2017 Adjust font size:
CHICAGO, Dec. 15 (Xinhua) -- Chicago Board of Trade (CBOT) soybean futures rallied during Friday morning session while corn and wheat were little changed.
As of 1555 GMT, January soybeans were up 2.25 cents at 3.70 dollars per bushel, March wheat was up 0.5 cent at 4.1875 while March corn was down 0.75 cent at 3.4775 dollars per bushel.
At the beginning of this month, soybeans managed to rebound above 10-dollar per bushel level, but this lasted only two days.
The U.S. Department of Agriculture earlier this week raised its outlook for 2017/18 soybean end stocks and lowered exports. With rainfall being expected in Argentina's soybean growing areas, the futures suffered double-digit losses during the previous session.
Following recent ups and downs, the prices of soybeans remain unstable as South American crops are still in question, said analysts. Enditem