Chicago Board of Trade (CBOT) agricultural commodities closed mixed on Monday, with soybean futures dropping over 2 percent on technical selling and worries about dimmed export prospects for U.S. supplies.
CBOT corn futures followed soybean lower, while wheat futures went up on fears that Russian-Ukrainian tensions could curb grain exports out of the Black Sea.
The most active corn contract for 2019 March delivery went down 2.5 cents, or 0.67 percent to close at 3.68 dollars per bushel. 2019 March wheat delivery rose 6.75 cents, or 1.33 percent to close at 5.14 dollars per bushel. 2019 January soybean delivery dropped 18.75 cents, or 2.13 percent to close at 8.6225 dollars per bushel.
As for weather forecast for agricultural crop, a winter storm that blasted the U.S. Midwest over the weekend is now headed for the Great Lakes region, where it's expected to drop a significant amount of snow.
"A powerful winter storm will continue to bring heavy snow and strong winds with areas of blizzard conditions across portions of the Midwest into the Great Lakes," the National Weather Service said in a report.
CBOT corn futures followed soybean lower, while wheat futures went up on fears that Russian-Ukrainian tensions could curb grain exports out of the Black Sea.
The most active corn contract for 2019 March delivery went down 2.5 cents, or 0.67 percent to close at 3.68 dollars per bushel. 2019 March wheat delivery rose 6.75 cents, or 1.33 percent to close at 5.14 dollars per bushel. 2019 January soybean delivery dropped 18.75 cents, or 2.13 percent to close at 8.6225 dollars per bushel.
As for weather forecast for agricultural crop, a winter storm that blasted the U.S. Midwest over the weekend is now headed for the Great Lakes region, where it's expected to drop a significant amount of snow.
"A powerful winter storm will continue to bring heavy snow and strong winds with areas of blizzard conditions across portions of the Midwest into the Great Lakes," the National Weather Service said in a report.
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