Arab Today, arab today chicago soybeans corn higher ahead of holiday
Last Updated : GMT 14:39:19
Arab Today, arab today
Arab Today, arab today

Chicago soybeans, corn higher ahead of holiday

Arab Today, arab today

Arab Today, arab today Chicago soybeans, corn higher ahead of holiday

Soybeans
Chicago - XINHUA

Chicago Board of Trade (CBOT) corn and soybean futures closed higher on Wednesday, due in part to investors short-covering ahead of the Thanksgiving holiday.

Soybeans led the gains as January soybeans delivery rose 11.5 cents, or 1.33 percent, to close at 8.7525dollars per bushel.

Meanwhile, the most active corn contract for March delivery added 3.25 cents, or 0.88 percent, to close at 3.7275 U.S. dollars per bushel. March wheat slipped 1 cents, or 0.2 percent, to close at 4.875 dollars per bushel.

Chicago soybean was an upside price leader on Wednesday as money managers exited their bets on lower prices, which lifted the market. Analysts said investors often close out bearish bets prior to a pause in trade to reduce their risk in case of a major political or macroeconomic event.

Corn prices bounced back as a weekly ethanol production report released by the U.S. Energy Information Administration on Wednesday showed U.S. produced a record amount of ethanol last week, which was seen as bullish to corn futures.

U.S. ethanol production through the week ending Nov. 20 was up 3.4 percent from the prior week, to 1,008,000 barrels per day, which used an estimated more than 100 million bushels of corn, higher than the pace needed to meet the U.S. Department of Agriculture's forecast, the report showed.

Meanwhile, March wheat was slightly lower on the day, amid the talk of Russia trying to set up as many roadblocks as possible to slow the Russian wheat to Turkey, the second largest importer of Russian wheat.

"Turkish millers can run down their wheat stocks for a few weeks, but by mid-December, they have to seek wheat elsewhere if Russia maintains a de facto embargo," said AgResource company, a Chicago-based agricultural research institute. "This may be seen as bullish to U.S. wheat futures."

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 soybeans corn higher ahead of holiday Arab Today, arab today chicago soybeans corn higher ahead of holiday

 



Arab Today, arab today
Arab Today, arab today Nohan Seyam designs beautiful accessories

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today Tourism shows signs of recovery

GMT 09:59 2017 Monday ,20 February

Tourism shows signs of recovery
Arab Today, arab today Sarah Belamesh designs antiques of "ceramic"

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"
Arab Today, arab today Top Yemen commander killed

GMT 09:55 2017 Wednesday ,22 February

Top Yemen commander killed
Arab Today, arab today To probe sexual harassment claims

GMT 10:08 2017 Tuesday ,21 February

To probe sexual harassment claims

GMT 05:34 2017 Tuesday ,21 February

7 firms to list on 2nd Saudi stock board

GMT 19:53 2017 Monday ,20 February

Large stocks fall pushing down Nairobi bourse

GMT 18:36 2017 Monday ,20 February

Heavy selling drags Oman shares lower

GMT 06:16 2017 Monday ,20 February

Bank shares lift Tadawul

GMT 13:43 2017 Sunday ,19 February

Local institutional buying lifts Oman shares higher

GMT 15:33 2017 Saturday ,18 February

Lock-up shares worth 39 bln yuan eligible for trade
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today To hold social dialogue over secondary school

GMT 07:43 2017 Wednesday ,22 February

To hold social dialogue over secondary school
Arab Today, arab today 63-Year-Old Woman Delivers Baby

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby
Arab Today, arab today Milan laughs while Rome cries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today Nissan enhances sales in most markets

GMT 14:08 2017 Monday ,20 February

Nissan enhances sales in most markets
Arab Today, arab today Competes Sweden and Germans by S90

GMT 22:36 2017 Thursday ,16 February

Competes Sweden and Germans by S90
Arab Today, arab today Janat pleased for issuing 'Good Morning'

GMT 06:41 2017 Monday ,20 February

Janat pleased for issuing 'Good Morning'
Arab Today, arab today Small ponds have outsized impact

GMT 15:53 2017 Tuesday ,21 February

Small ponds have outsized impact

GMT 06:34 2017 Sunday ,19 February

Ahmed Fahmy stresses he did not ignore singing

GMT 06:50 2017 Wednesday ,15 February

Tragic fluctuations of Bakhtiari's life revealed

GMT 12:22 2017 Monday ,20 February

Kanye West puts hijab-wearing model

GMT 14:06 2017 Friday ,17 February

London to tax old cars

GMT 23:29 2017 Thursday ,16 February

Home built on sand castles-style costs $8m

GMT 05:15 2017 Tuesday ,21 February

Omega 3 can reduce asthma cases

GMT 19:16 2017 Friday ,17 February

Aziz House ready to host the tourists

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 12:39 2017 Monday ,20 February

newest smartphone another winner for Huawei

GMT 16:08 2017 Wednesday ,15 February

Shawsh reveals her collection "Jewelry of dreams"
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