Chicago agricultural futures mixed in morning trading
Xinhua,January 17, 2018 Adjust font size:
CHICAGO, Jan. 16 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities were trading mixed on Tuesday morning with soybean futures continuing to rally over falling production estimates.
As of 1541 GMT, March corn was up 0.5 cent at 3.4675 U.S. dollars per bushel, March wheat was down 4.75 cents at 4.1575 dollars while March soybeans were up 8 cents at 9.685 dollars per bushel.
CBOT soybeans started to rise after the U.S. Department of Agriculture (USDA) last Friday reduced its projection for 2017-18 output. The government pegged U.S. production at 119.52 million metric tons, down from 120.44 million a month earlier.
Meanwhile, the wheat futures have seen losses as the USDA estimated 2018 winter wheat plantings at 32.608 million acres, above analysts' expectations for 30.1 to 32 million. Enditem