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CBOT awaits May crop report

Xinhua,May 11, 2018 Adjust font size:

CHICAGO, May 10 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities traded mixed on Thursday morning as traders were waiting a key monthly crop report.

The U.S. Department of Agriculture is to release at noon time its May supply and demand report, in which the government will give its first projections for 2018-2019 crops.

As of 1456 GMT, July corn was down 1.25 cents at 4.015 U.S. dollars per bushel while

July wheat was down 0.75 cent at 5.0975 dollar and July soybeans were up 2 cents at 10.1775 dollars per bushel.

World crop weather forecasts have been improving with dryness helping to advance spring crop planting across Canada, according to AgResource, a U.S. agricultural research and advisory company.

Meanwhile, enough rainfall is expected to drop across the winter wheat areas of Russia with a needed break helping to advance spring wheat seeding. Enditem

 

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