CBOT futures retreat from new highs
Xinhua,March 03, 2018 Adjust font size:
CHICAGO, March 2 (Xinhua) -- Chicago Board of Trade (CBOT) futures were trading lower on Friday morning with wheat prices sliding sharply from above 5 dollar-per-bushel level.
As of 1550 GMT, May corn was down 2.25 cents at 3.84 U.S. dollars per bushel while May wheat was down 16.5 cents at 4.99 dollars and May soybeans down 1 cent at 10.67 dollars per bushel.
CBOT wheat retreated as traders locked in profit by selling contracts after prices hit seven-month highs due to dryness in the U.S. southern plains, despite of the forecast that parched weather trend will hold on for another ten to thirteen days there.
Corn and soybean futures followed the fall of wheat amid profit-taking. Enditem