Chicago agricultural futures mixed in morning trade
Xinhua,January 27, 2018 Adjust font size:
CHICAGO, Jan. 26 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities traded mixed Friday morning with corn and wheat futures rising, as the dollar continues its slump, which boosts prospects for improved export sales.
The Weekly Export Sales Report from the U.S. Department of Agriculture was delayed by a day due to the government shutdown. It will be released Friday. Analysts said they're expected decent sales because of the dollar weakness.
March corn were up 0.25 cent at 3.5675 U.S. dollars per bushel as of 1545 GMT, March wheat was 4.25 cents higher at 4.3875 dollars, while March soybeans was 2.75 cents lower at 9.895 dollars.
As for international market, northern Brazil rains will be on the increase this weekend with heavy totals expected over the next two weeks. Rain accumulations in the 14-day period will range from eight to 12 inches. Such heavy rain will slow the early soy harvest. Enditem