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CBOT futures mixed ahead of key USDA report

Xinhua,March 30, 2018 Adjust font size:

CHICAGO, March 29 (Xinhua) -- Chicago Board of Trade (CBOT) futures were trading mixed on Thursday morning with soybeans falling on possibly larger planting acres.

As of 1442 GMT, May corn was up 0.75 cent at 3.7425 U.S. dollars per bushel while May wheat was down 3.25 cent at 4.4225 dollars and May soybeans down 4.5 cents at 10.135 dollars per bushel.

CBOT traders now have their eyes on the report released on Thursday by the U.S. Department of Agriculture (USDA) on stocks and seeding, which will set the stage for price action into early summer.

Soybeans were lower during morning trading over concerns that the USDA will boost its prospective planting acres above a February projection.

Meanwhile, reported decline in U.S. ethanol stocks gave some support to corn futures. Enditem

 

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