Chicago Board of Trade (CBOT) grains closed mixed on Tuesday with wheat and soybean futures rising, as investors turned to short covering after Monday's double-digit loss.
Corn futures ended slightly lower as Brazil reported strong export to overseas market.
The most active corn contract for May delivery fell 0.5 cent, or 0.13 percent to close at 3.745 dollars per bushel. May wheat delivery went up 2.25 cents, or 0.5 percent to close at 4.53 dollars per bushel. May soybeans added 5.75 cents, or 0.56 percent to close at 10.2825 dollars per bushel.
As for international market, weather forecast for Argentina is drier than in recent days as rainfall reached nearly half of the crop area last weekend. Such dryness will continue to tug corn and soybean crop estimates lower. Enditem
Corn futures ended slightly lower as Brazil reported strong export to overseas market.
The most active corn contract for May delivery fell 0.5 cent, or 0.13 percent to close at 3.745 dollars per bushel. May wheat delivery went up 2.25 cents, or 0.5 percent to close at 4.53 dollars per bushel. May soybeans added 5.75 cents, or 0.56 percent to close at 10.2825 dollars per bushel.
As for international market, weather forecast for Argentina is drier than in recent days as rainfall reached nearly half of the crop area last weekend. Such dryness will continue to tug corn and soybean crop estimates lower. Enditem
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