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Chicago agricultural commodities settle mixed

Xinhua,December 20, 2017 Adjust font size:

CHICAGO, Dec. 19 (Xinhua) -- Chicago Board of Trade (CBOT) grains closed mixed on Tuesday, with soybean futures falling for the ninth time in 10 sessions on technical selling and forecasts for crop-boosting rains in South America.

Corn firmed on short-covering after touching contract lows, but prices remain capped by abundant supplies.

The most active corn contract for March delivery went up 0.5 cent, or 0.14 percent, to 3.475 dollars per bushel. March wheat delivery fell 1 cent, or 0.24 percent, to 4.195 dollars per bushel. January soybeans dropped 5.5 cents, or 0.57 percent to 9.56 dollars per bushel.

Private exporters on Tuesday reported to the U.S. Department of Agriculture export sales of 145,000 tonnes of soybeans for delivery to unknown destinations during the 2018/2019 marketing year. The marketing year for soybeans began Sept. 1.

Trading was light as investors moved to the sidelines ahead of the year-end holidays. Grain markets will close early on Friday and remain closed through Monday for the Christmas holiday. Enditem

 

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