CHICAGO, March 21 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled higher on Thursday, the second consecutive day of gains for all the most active contracts, amid concerns about damage to crops in flooding-hit Midwest.
CBOT corn contract for May delivery was up 4.75 cents, or 1.28 percent to close at 3.7625 U.S. dollars per bushel. May wheat was up 1.75 cents, or 0.38 percent, to settle at 4.665 dollars per bushel. May soybeans were up 4.5 cents, or 0.5 percent, to close at 9.105 dollars per bushel.
eavy rain and rapidly melting snow have caused flooding that impacted many areas in the U.S. Midwest, with the farming states of Nebraska and Iowa hitting hardest.
The situation led to concerns over damage to crops there. CBOT corn rose more than one percent on Thursday as traders are worried that flooding could delay corn planting.
A new U.S. trade deal with Brazil continued to support CBOT wheat futures, which had risen 1.81 percent during the previous session.
Brazil on Wednesday agreed to import 750,000 metric tons of U.S. wheat free of duty every year, offering new opportunity for U.S. wheat growers.
CBOT corn contract for May delivery was up 4.75 cents, or 1.28 percent to close at 3.7625 U.S. dollars per bushel. May wheat was up 1.75 cents, or 0.38 percent, to settle at 4.665 dollars per bushel. May soybeans were up 4.5 cents, or 0.5 percent, to close at 9.105 dollars per bushel.
eavy rain and rapidly melting snow have caused flooding that impacted many areas in the U.S. Midwest, with the farming states of Nebraska and Iowa hitting hardest.
The situation led to concerns over damage to crops there. CBOT corn rose more than one percent on Thursday as traders are worried that flooding could delay corn planting.
A new U.S. trade deal with Brazil continued to support CBOT wheat futures, which had risen 1.81 percent during the previous session.
Brazil on Wednesday agreed to import 750,000 metric tons of U.S. wheat free of duty every year, offering new opportunity for U.S. wheat growers.
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