Arab Today, arab today chicago agricultural commodities keep dropping
Last Updated : GMT 05:35:58
Arab Today, arab today
Arab Today, arab today

Chicago agricultural commodities keep dropping

Arab Today, arab today

Arab Today, arab today Chicago agricultural commodities keep dropping

Chicago agricultural commodities
Chicago - XINHUA

 Chicago agricultural commodities kept dropping Tuesday.
The most active corn contract for December delivery fell 2.5 cents, or 0.59 percent, to close at 4.2275 U.S. dollars per bushel.
September wheat lost 5 cents, or 0.87 percent, to close at 5.725 dollars per bushel. November soybean shed 9.75 cents, or 0.84 percent, to close at 11.475 dollars per bushel.
The impact of U.S. Department of Agriculture (USDA) June Stocks and Seeding report released Monday lingered on grain market, as investors and traders continued digesting the data and its bearish outlook implications for 2015 and beyond
Egypt bought 180,000 tonnes of Romanian wheat and 60,000 tonnes of Russian wheat at prices lower than the Black Sea asking prices.
Ukraine remained unable to make a sizable sale.
Weather forecast shows that Central U.S. will mostly embrace dry and cool weather into the weekend.
The best Central U.S. soil moisture in nearly 20 years combined with variable temperatures is expected to maintain historically high U.S. corn and soybean crop ratings into mid-July.
Only the development of dramatic hot and dry weather in U.S. or China would change the current bearish price trend, market analysts hold. But they do not rule out the possibility of some sort of short covering heading into the long weekend.

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