CBOT soybeans continue to rise
Xinhua,April 10, 2018 Adjust font size:
CHICAGO, April 10 (Xinhua) -- Chicago Board of Trade (CBOT) futures were trading mixed on Tuesday morning with soybeans gaining further on signs of demand and seemingly eased trade tensions with China.
As of 1453 GMT, May corn was down 0.5 cent at 3.9025 U.S. dollars per bushel while May wheat was up 1.75 cents at 4.925 dollars and May soybeans up 7.5 cents at 10.545 dollars per bushel.
CBOT soybeans rose not only over signs of demand, given recent export sales data, but also on cautious optimism that a full-blown trade war between the United States and China could be avoided through negotiations. The U.S. soybeans are the most valuable agricultural export to China.
Now traders' eyes are on the World Agricultural Supply and Demand Estimates (WASDE) Report, which will be released by the U.S. Department of Agriculture around noontime Tuesday. Enditem