CHICAGO, March 26 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled lower on Tuesday, with wheat reversing the uptrend amid profit taking.
CBOT corn contract for May delivery was down 2.5 cents, or 0.66 percent to close at 3.7725 U.S. dollars per bushel. May wheat was down 0.25 cent, or 0.05 percent, to settle at 4.6925 dollars per bushel. May soybeans were down 5.75 cents, or 0.63 percent, to close at 9.0075 dollars per bushel.
CBOT wheat futures traded higher during the morning, as flooding hit parts of winter wheat growing Midwest, and a blanket of snow still covers most of North Dakota, which could delay spring wheat planting there.
However, wheat futures lost rising momentum after reaching one month high, as some traders chose to lock in profits toward the end of the session.
Corn and soybeans fell but still within relatively narrow ranges, as traders carefully position themselves before Friday's planting intentions report from the U.S. Department of Agriculture.
CBOT corn contract for May delivery was down 2.5 cents, or 0.66 percent to close at 3.7725 U.S. dollars per bushel. May wheat was down 0.25 cent, or 0.05 percent, to settle at 4.6925 dollars per bushel. May soybeans were down 5.75 cents, or 0.63 percent, to close at 9.0075 dollars per bushel.
CBOT wheat futures traded higher during the morning, as flooding hit parts of winter wheat growing Midwest, and a blanket of snow still covers most of North Dakota, which could delay spring wheat planting there.
However, wheat futures lost rising momentum after reaching one month high, as some traders chose to lock in profits toward the end of the session.
Corn and soybeans fell but still within relatively narrow ranges, as traders carefully position themselves before Friday's planting intentions report from the U.S. Department of Agriculture.
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