Arab Today, arab today chicago corn extends rally wheat down on rain forecast
Last Updated : GMT 20:08:36
Arab Today, arab today
Arab Today, arab today

Chicago corn extends rally, wheat down on rain forecast

Arab Today, arab today

Arab Today, arab today Chicago corn extends rally, wheat down on rain forecast

Chicago corn
Chicago - XINHUA

Chicago Board of Trade agricultural commodities closed mixed on Wednesday with wheat and soybeans falling, corn rising on prospects of delayed U.S. spring plantings that could lead to shrinking supplies later this year.
The most active corn contract for May delivery rose 1.75 cents, or 0.45 percent, to close at 3.95 U.S. dollars per bushel. Wheat for May delivery dropped 4.5 cents, or 0.86 percent, to close at 5. 19 dollars per bushel. May soybeans lost 3 cents, or 0.31 percent, to close at 9.7875 dollars per bushel.
Corn rose for a fourth consecutive session amid news that Mexico bought a two-cargo sale of U.S. corn. Meanwhile, the rainfall in southern U.S. recently hampered corn crop plantings, also supporting corn futures.
The weekly ethanol production report released by the U.S. Energy Information Administration on Wednesday showed a modest gain in production and inventory, roughly in line with expectations.
May wheat fell for the second session on favorable weather conditions. Rain is forecast in the parched growing belts in United States and Russia. News that Ukraine will open up its wheat export market added further pressure to the crop.
Soybeans continued to edge lower ahead of a meeting between Brazilian truck drivers and the government on Thursday. The risk of road blockages has clouded the market recently.
"A close in May CME wheat below 5.18 U.S dollars is viewed as bearish. Corn and soybean futures will do very little ahead of next Tuesday's USDA reports, and generally post-report rallies will be capped by a lack of U.S. grain demand and accelerating soybean exports out of Brazil and Argentina," said AgResource company, a Chicago-based agricultural research institute.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chicago corn extends rally wheat down on rain forecast Arab Today, arab today chicago corn extends rally wheat down on rain forecast

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chicago corn extends rally wheat down on rain forecast Arab Today, arab today chicago corn extends rally wheat down on rain forecast

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today Sally Shaheen considers hosting a political show
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday