Chicago Board of Trade (CBOT) agricultural commodities closed higher on Thursday, with soybean futures rebounding slightly after hitting contract lows on Thursday amid China-U.S. trade frictions.
The most active corn contract for December delivery went up 6 cents, or 1.7 percent to close at 3.5925 dollars per bushel. September wheat delivery added 12.75 cents, or 2.7 percent to close at 4.845 dollars per bushel. November soybean delivery was 1 cent higher, or 0.12 percent to close at 8.4925 dollars per bushel.
Corn rallied from earlier contract lows as the U.S. Department of Agriculture (USDA) on Thursday raised its U.S. export forecast in its World Agricultural Supply and Demand Estimates Report.
Wheat also jumped after the USDA raised its U.S. wheat export projection and lowered its production forecasts for key European suppliers in the report.
As for weather for agricultural crop, the heat wave in the U.S. Midwest is getting bigger by the day and now encompasses parts of eastern Oklahoma and much of north-central Arkansas.
The most active corn contract for December delivery went up 6 cents, or 1.7 percent to close at 3.5925 dollars per bushel. September wheat delivery added 12.75 cents, or 2.7 percent to close at 4.845 dollars per bushel. November soybean delivery was 1 cent higher, or 0.12 percent to close at 8.4925 dollars per bushel.
Corn rallied from earlier contract lows as the U.S. Department of Agriculture (USDA) on Thursday raised its U.S. export forecast in its World Agricultural Supply and Demand Estimates Report.
Wheat also jumped after the USDA raised its U.S. wheat export projection and lowered its production forecasts for key European suppliers in the report.
As for weather for agricultural crop, the heat wave in the U.S. Midwest is getting bigger by the day and now encompasses parts of eastern Oklahoma and much of north-central Arkansas.
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