Chicago Board of Trade (CBOT) grains closed mixed on Tuesday amid different crop progress between U.S. corn and soybeans.
The most active corn contract for December delivery rose 1.5 cents, or 0.43 percent, to 3.5275 dollars per bushel. December wheat delivery went up 1.25 cents, or 0.29 percent, to 4.38 dollars per bushel. November soybeans fell 5.25 cents,or 0.54 percent, to 9.755 dollars per bushel.
The U.S. Department of Agriculture on Monday released its latest crop progress report. The report indicated a delayed corn harvest, with only 38 percent complete, compared to an average of 59 percent between 2012 and 2016.
Meanwhile, the report put U.S. soybean harvest at 70 percent complete, just 3 percentage down from the five-year average and almost kept up the pace.
It was also estimated that by next week, soybean harvest will be close to 90 percent complete, and corn harvest will advance beyond 50 percent complete.
The data boosted Chicago corn prices while pushing down soybean futures during Tuesday's session.
The most active corn contract for December delivery rose 1.5 cents, or 0.43 percent, to 3.5275 dollars per bushel. December wheat delivery went up 1.25 cents, or 0.29 percent, to 4.38 dollars per bushel. November soybeans fell 5.25 cents,or 0.54 percent, to 9.755 dollars per bushel.
The U.S. Department of Agriculture on Monday released its latest crop progress report. The report indicated a delayed corn harvest, with only 38 percent complete, compared to an average of 59 percent between 2012 and 2016.
Meanwhile, the report put U.S. soybean harvest at 70 percent complete, just 3 percentage down from the five-year average and almost kept up the pace.
It was also estimated that by next week, soybean harvest will be close to 90 percent complete, and corn harvest will advance beyond 50 percent complete.
The data boosted Chicago corn prices while pushing down soybean futures during Tuesday's session.
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