Chicago soybean futures rise as market partly digests trade tensions

Source: Xinhua| 2018-06-28 07:04:15|Editor: ZD
Video PlayerClose

CHICAGO, June 27 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities closed mostly higher on Wednesday, with soybean futures rising slightly after plunging over 30 cents in the past two consecutive sessions, as market partly digested the impact of trade tensions.

CBOT wheat futures rose on bargain buying after a three-session sell-off pushed the September delivery contract to a one-week low, traders said.

Corn futures ended flat, consolidating after recent declines and as investors awaited two key U.S. government crop reports later this week.

The most active corn contract for July delivery kept unchanged at 3.525 dollars per bushel. September wheat delivery added 5.5 cents, or 1.14 percent to close at 4.885 dollars per bushel. November soybean delivery went up 1.5 cents, or 0.17 percent to close at 8.89 dollars per bushel.

Some investors are jumping back into the market after soybean prices plunged to the lowest level in recent years. The CBOT market is anxious to see U.S. and Chinese soybean trade to return to normal.

According to the latest Weekly Crop Progress Report by the U.S. Department of Agriculture (USDA), 73 percent of U.S. soybean crop is rated the highest rating for this time of year in about 30 years.

Traders also are looking ahead to Friday's Acreage and Quarterly Stocks Report, in which they expect the USDA to raise its U.S. corn and soybeans planting estimates from prior-month forecasts.?

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001372855051
国产无码在线观看免费在线,37pao国产成视频,日韩一区二区视频在线,国产国产人免费人成免费视频麻豆
色色色色色精品免费 | 欧美激情精品久久久久久多 | 日韩欧美~中文字幕无敌色 亚洲国产欧美一区二区三区深喉 | 色综合天天综合网在线观看 | 久久久一本精品99久久k精品66 | 日本一区二区三区字幕 |