Chicago agricultural commodity futures were traded higher Friday, mostly supported by positive export sales. The most active corn contract for December delivery rose 7.25 cents, or 1.57 percent, to close at 4.6825 dollars per bushel. December wheat advanced 7.5 cents, or 1.17 percent, to settle at 6. 4775 dollars per bushel. November soybeans rose 0.25 cents, or 0. 02 percent, to close at 13.6775 dollars per bushel. Chicago Mercantile Exchange (CME) quoted a well-known private grains analyst as saying that the U.S. corn yield for 2013-14 was estimated at 157.2 bushels per acre, down from their prior forecast of 158.6, but up from the August U.S. Department of Agriculture (USDA) forecast of 154.4 bushels. Production was estimated at 14.013 billion bushels, down from 14.14 billion previously and up from the current USDA forecast of 13.763 billion bushels, according to CME. Wheat futures traded higher and led the grain markets to the upside for a good part of the session. As of Aug. 29, net weekly export sales came in at 668,400 tons for the current marketing year and 79,000 for the next marketing year, for a total of 747, 400 tons. Sales were up a whopping 21 percent from the previous week and 18 percent from the four week average. The soybean market traded both sides of the unchanged with early strength and midday weakness. Export sales were supportive for the new crop year but weather and an uncertain supply outlook were the main focus for the market heading into the weekend. Net weekly export sales for soybeans came in at 5,000 tons for the current marketing year and 844,100 for the next marketing year, for a total of 849,100 tons.
GMT 11:02 2018 Tuesday ,11 December
ASE opens trading on lower noteGMT 15:40 2018 Monday ,10 December
Amman stock market closes trading at JD4.4 millionGMT 19:10 2018 Wednesday ,05 December
Index at Palestine stock market drops by less than one pointGMT 17:58 2018 Sunday ,25 November
Amman stock market wraps up trading at JD2.6 millionGMT 14:24 2018 Thursday ,22 November
Russia’s stock market demonstrates record-breaking figures in 2018GMT 11:45 2018 Tuesday ,20 November
Tokyo stocks close lower as tech issues weigh, Nissan tumblesGMT 15:08 2018 Monday ,19 November
Amman stock market wraps up trading at JD6.1 millionGMT 15:51 2018 Sunday ,18 November
U.S. stocks post weekly losses amid tech shares routMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor