Arab Today, arab today chicago wheat rebounds on european weather worries
Last Updated : GMT 21:50:13
Arab Today, arab today
Arab Today, arab today

Chicago wheat rebounds on European weather worries

Arab Today, arab today

Arab Today, arab today Chicago wheat rebounds on European weather worries

Chicago - Arabstoday

Chicago wheat prices recovered Monday, underpinned by trade concerns about the impact of severe winter weather on crops, notably in Black sea region. Soybean ends a tad higher as traders expect smaller South America crops will cause some increase in demand for U.S. supply.The most active corn contract for March delivery dipped 0.25 cents, or 0.04 percent, to close at 6.4425 U.S. dollars per bushel. March wheat recovered 7.75 cents, or 1.2 percent, to 6.685 dollars per bushel. March soybean rose 0.5 cents, or 0.04 percent, to close at 12.33 dollars per bushel.Wheat staged a strong comeback on Monday, as weather forecast showed that the Black Sea region may be forced to absorb another blast of cold air next week. With temperatures plunging below minus 30 degree in some Black Sea regions, there is widespread expectation that some winter crops will need to be reseeded.Meanwhile, the strong rally in wheat price has also been attributed to significant short-covering from fund traders amid signs of tightening world stocks of wheat, as well as signs of rising export demand for U.S. supplies.Soybeans also shrugged off pressure from a firm U.S. dollar, weaker energy and equity markets, as traders predict a sharp drop in Brazil and Argentina production due to hot, dry weather blamed on the La Nina weather phenomenon.

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 wheat rebounds on european weather worries Arab Today, arab today chicago wheat rebounds on european weather worries

 



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 wheat rebounds on european weather worries Arab Today, arab today chicago wheat rebounds on european weather worries

 



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 How to do your own Ramadan corner?

GMT 15:53 2017 Saturday ,27 May

How to do your own Ramadan corner?
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