U.S. agricultural futures close mixed


By Xu Jing

CHICAGO, Aug. 10 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures closed mixed on Wednesday, with corn and wheat rising and soybean falling slightly.

The most active corn contract for December delivery rose 4.5 cents, or 0.73 percent, to settle at 6.185 U.S. dollars per bushel. September wheat gained 18.25 cents, or 2.34 percent, to settle at 7.9975 dollars per bushel. November soybean fell one cent, or 0.07 percent, to settle at 14.2775 dollars per bushel.

CBOT grain futures were higher on ebbing U.S. inflation.

Central U.S. weather is highly important with the cooler temperatures aiding filing corn. Chicago-based research company AgResource is longer term bullish.

The U.S. Department of Agriculture announced that China purchased 196,000 metric tons of 2022-2023 U.S. soybeans.

The U.S. dollar has fallen sharply against the Brazilian real. The surging real has shut down Brazilian farm selling.

It will be wetter with needed rain across Nebraska, Western Iowa and Kansas early next week. Until then, hot and dry weather prevails which will further stress crops. Several shower events will keep corn and soybean crops in Eastern Midwest well-watered.

Article type: free
User access status:
Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!
   

Next In World

WTI crude futures settle lower
Avian flu detected in Lisbon
Italian inflation climbs to record high
Gold rises on inflation data
1st LD-Writethru: China's C919 jet obtains milestone certificate for commercial flight
Regional court dismisses Maasai eviction case against Tanzania government
Dutch inflation jumps to record 17.1 pct
Chinese action film "Wolf Pack" hits North American big screen
China's C919 jet obtains milestone certificate for commercial flight
Russia's Putin signs decree on routine autumn conscription - TASS

Others Also Read