Arab Today, arab today chicago wheat corn soybean futures rebound from previous slump
Last Updated : GMT 16:17:20
Arab Today, arab today
Arab Today, arab today

Chicago wheat, corn, soybean futures rebound from previous slump

Arab Today, arab today

Arab Today, arab today Chicago wheat, corn, soybean futures rebound from previous slump

Chicago wheat, corn, soybean
Chicago - XINHUA

Chicago Board of Trade (CBOT) agricultural commodities futures market closed higher across the board Thursday after a slump in the previous day, as end users extended coverage at cheap prices despite weak U.S. crop sales.

The most active corn contract for December delivery gained 7. 25 cents, or 1.97 percent, to close at 3.7525 U.S. dollars per bushel. September wheat delivery added 11 cents, or 2.23 percent, to close at 5.0325 dollars per bushel. November soybeans rose 17 cents, or 1.87 percent, to close at 9.27 dollars per bushel.

Chicago grain futures recovered some of the previous losses triggered by the U.S. government raising its outlook for the production of U.S. corn and soybeans, global wheat supplies, as investors bought at lower prices despite concerns about Central U. S. rainy weather forecast for next week.

The U.S. Department of Agriculture (USDA) said Thursday in its weekly export report that for the week ending Aug. 6, the country witnessed net sales of 421,600 metric tons of wheat for delivery in the 2015/2016 marketing year, down 50 percent from the previous week and 28 percent from the prior 4-week average.

Corn net sales were 29,200 metric tons for delivery in the 2014/ 2015 marketing season, down noticeably from previous week and 87 percent from the prior 4-week average, while soybeans sales were 96,300 metric tons for the 2014/2015 marketing season, down noticeably from the previous week, but up noticeably from the prior 4-week average, the report said.

AgResource company, a Chicago-based agricultural research institute, wrote in a report that U.S. weekly export sales were largely unexciting. The company added that how much rain falls across the Central U.S. next Wednesday to Friday will be the key to short-term direction.

A wetter pattern lies ahead early next week, and showers will be spread across the Plains and Midwest, according to the Global Forecast System. Follow-up rains are projected across the Northern and Western Corn Belt from Aug. 23-25.

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 corn soybean futures rebound from previous slump Arab Today, arab today chicago wheat corn soybean futures rebound from previous slump

 



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 corn soybean futures rebound from previous slump Arab Today, arab today chicago wheat corn soybean futures rebound from previous slump

 



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 Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
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