Chicago Board of Trade (CBOT) grains closed mixed on Thursday with corn futures rising as government lowered U.S. corn ending stocks in its crop report.
The U.S. soybean and wheat ending stocks are getting bigger, according to a report of World Agricultural Supply and Demand Estimates from the U.S. Department of Agriculture. Wheat futures dropped, but the soybean market has reversed on strong overseas demand.
The most active corn contract for March delivery rose 0.5 cent, or 0.14 percent to close at 3.6575 dollars per bushel. March wheat delivery went down 4.25 cents, or 0.92 percent to close at 4.5625 dollars per bushel. March soybeans rose 4.75 cents, or 0.48 percent to close at 9.8775 dollars per bushel.
As for international market, weather forecast shows showers returning to Argentina on Thursday evening across southern areas with the front pushing northward during the weekend. Rainfall totals across the south are estimated in a range of 0.1 to 0.6 inch, while totals in the north range from 0.4 to 1.25 inches.
The U.S. soybean and wheat ending stocks are getting bigger, according to a report of World Agricultural Supply and Demand Estimates from the U.S. Department of Agriculture. Wheat futures dropped, but the soybean market has reversed on strong overseas demand.
The most active corn contract for March delivery rose 0.5 cent, or 0.14 percent to close at 3.6575 dollars per bushel. March wheat delivery went down 4.25 cents, or 0.92 percent to close at 4.5625 dollars per bushel. March soybeans rose 4.75 cents, or 0.48 percent to close at 9.8775 dollars per bushel.
As for international market, weather forecast shows showers returning to Argentina on Thursday evening across southern areas with the front pushing northward during the weekend. Rainfall totals across the south are estimated in a range of 0.1 to 0.6 inch, while totals in the north range from 0.4 to 1.25 inches.
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