chicago grains soybeans bounce back from previous slump
Last Updated : GMT 08:14:49
Arab Today, arab today
Arab Today, arab today

Chicago grains, soybeans bounce back from previous slump

Arab Today, arab today

Arab Today, arab today Chicago grains, soybeans bounce back from previous slump

Chicago Board of Trade
Chicago - XINHUA

Chicago Board of Trade (CBOT) corn, wheat and soybeans closed all higher on Monday following the previous slump as funds added buying in grains, soybeans, despite improving weather and excessive supplies in cash markets.

Chicago corn led the gains as the most active corn contract for July delivery added 6.5 cents, or 1.66 percent, to close at 3.8175 US dollars per bushel. Soybean for July delivery gained 13.5 cents, or 1.36 percent, to close at 10.0975 dollars per bushel. July wheat delivery rose 3.75 cent, or 0.79 percent, to close at 4.7775 U.S. dollars per bushel.

Investors went bargain hunting in agricultural commodity markets on Monday after CBOT grains and soybeans closed sharply lower last Friday as improving weather and soybean production estimates from Argentina were higher than expected.

Traders reported notable fund related buying in corn, soybeans and soymeal, sent the prices higher. "Funds came at the market from the opening day trade bell with corn, soybeans and wheat all sharply higher at midday," said AgResource company, a Chicago-based agricultural research institute," Funds have shown demand in wheat, but at diminished purchase pace when compared to the summer row crops."

U.S. grains and soybeans also found support as the U.S. weekly export inspections released by the U.S. Department of Agriculture (USDA) on Monday showed that shipments of corn, soybean through the week ending April 7 were in line with trade expectations.

For their respective crop years to date, the U.S. corn shipments were down about 13.5 percent from a year ago, but the shortfall is over 3 percentage points lower compared to one month ago.

As for wheat, the U.S. exports fell by more than 13 percent from the previous year, and the drop is about 1 percent higher than one month earlier, while soybean shipments were down about 7 percent from last year, according to the USDA.

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*

chicago grains soybeans bounce back from previous slump chicago grains soybeans bounce back from previous slump

 



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*

chicago grains soybeans bounce back from previous slump chicago grains soybeans bounce back from previous slump

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Japanese regulators raid Airbnb

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Saudi, Bahrain target Iran

GMT 00:48 2017 Monday ,20 November

Saudi, Bahrain target Iran
Arab Today, arab today Europe turns on Facebook, Google

GMT 02:26 2017 Monday ,20 November

Europe turns on Facebook, Google
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Driverless, electric future just round

GMT 02:45 2017 Monday ,20 November

Driverless, electric future just round
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Mona Abdel Ghany increased artistic activities

GMT 12:15 2017 Friday ,17 November

Mona Abdel Ghany increased artistic activities
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 02:28 2017 Saturday ,18 November

Anti-drug operation nets 4 tonnes

GMT 01:34 2017 Friday ,17 November

Banyan Tree Phuket Takes Festive Season

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
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