Arab Today, arab today chicago agricultural commodities drop across board
Last Updated : GMT 16:37:07
Arab Today, arab today
Arab Today, arab today

Chicago agricultural commodities drop across board

Arab Today, arab today

Arab Today, arab today Chicago agricultural commodities drop across board

Chicago agricultural commodities drop
Chicago - Xinhua

Chicago agricultural commodities dropped across the board Monday, led by wheat.
The most active corn contract for December delivery dropped 9 cents, or 2.17 percent, to close at 4.0625 dollars per bushel. September wheat lost 22.75 cents, or 3.93 percent, to close at 5. 5675 dollars per bushel. November soybeans fell 8 cents, or 0.71 percent, to close at 11.255 dollars per bushel.
Favorable weather forecast for Central U.S. and the world along with liquidation by funds continued to add pressure on grains. Under the pressure, corn and wheat prices have fallen to 4 year lows Monday. With prospect for record large U.S. corn production and an abundance of world wheat ahead, funds were noticeable sellers. Market analysts hold that unless there is an immediate change in U.S. or world weather patterns, additional selling is expected, and the next downside price target for December corn will be 3.9 dollars, market analysts hold.
Soybean also dropped Monday on active profit taking. End users as well as exporters are not showing any willingness to buy old crop soy supplies.
U.S. Department of Agriculture (USDA) reported that for the week ending July 3, U.S. exported 42.5 million bushels of corn, 2. 2 million bushels of soybeans, and 15.3 million bushels of wheat. All grain exports fell below trade expectations and were considered slightly bearish.
Meanwhile, USDA announced export of 347,000 tonnes of new crop U.S. soybeans to China. To date, U.S. 2014-2015 soybean sales to China are estimated at 6.7 million tonnes, about 3 million tonnes lower than last year.
USDA is scheduled to update its supply and demand report on July 11 following USDA stocks and seeding report last week. It is expected that the report will highlight record large U.S. 2014 soybean seeding and reduce corn feeding during the third quarter.
Weather forecast for Central U.S. remains favorable with scattered showers and cooler than normal temperatures into late July. U.S. crop condition ratings are expected to rise for both corn and soybeans into July 21.

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 agricultural commodities drop across board Arab Today, arab today chicago agricultural commodities drop across board

 



Arab Today, arab today
Arab Today, arab today Mohamed Bahari prepares new collection for spring 2017

GMT 06:15 2017 Monday ,27 February

Mohamed Bahari prepares new collection for spring 2017
Arab Today, arab today 17.4 million tourists visit UAE in 2016

GMT 00:47 2017 Monday ,27 February

17.4 million tourists visit UAE in 2016
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today UN envoy sets out framework

GMT 07:25 2017 Monday ,27 February

UN envoy sets out framework
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars

GMT 06:44 2017 Sunday ,26 February

Doubts grow over American stock market’s surge

GMT 06:26 2017 Sunday ,26 February

Copper recovers lost ground

GMT 15:53 2017 Saturday ,25 February

Bahrain Bourse daily trading report

GMT 14:28 2017 Saturday ,25 February

Gold hits 3.5-month high

GMT 03:11 2017 Saturday ,25 February

50 Tunisian exhibitors at Gulfood 2017, Dubai

GMT 02:19 2017 Saturday ,25 February

SIEL expo, March 1-4
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Reasons for the delay 'On the Stairs of Servants'

GMT 06:42 2017 Saturday ,25 February

Reasons for the delay 'On the Stairs of Servants'
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:23 2017 Friday ,24 February

Ola Ghanem hopes to work with M.Ramadan

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 10:51 2017 Saturday ,25 February

Pigs with edited genes show resistance

GMT 14:04 2017 Friday ,24 February

Messi visit will contribute in tourism

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries
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