Markets > Commodities

CBOT soybeans, corn fall amid downbeat export data

2019-04-12 05:15

Already collect

CHICAGO, April 11 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled mixed on Thursday, with soybeans and corn falling over downbeat export sales.
The most active corn contract for May delivery was down 1.75 cents, or 0.48 percent to 3.60 U.S. dollars per bushel. May soybeans were down 6.75 cents, or 0.75 percent to 8.9525 dollars per bushel. May wheat was up 2.5 cents, or 0.55 percent to 4.605 dollars per bushel.
The U.S. Department of Agriculture (USDA) released on Thursday the latest weekly export sales report. In the period between March 29 and April 4, private exporters reported soybean sales of 270,400 metric tons for 2018/19 marketing year, down 86 percent from the previous week and 76 percent from the prior four-week average.
The total corn sales were pegged at 548,000 metric tons for 2018/19, up 2 percent from the previous week, but down 18 percent from the prior four-week average.
The bearish export data of corn and soybeans dragged down their futures.
CBOT wheat had posted losses in five straight sessions under the pressure of ample supplies and fierce export competition. Short covering and bargain buying pushed up wheat futures on Thursday, said market watchers, despite the same USDA report indicating a sharp decline in wheat export sales too.
Snow storms hitting parts of wheat growing U.S. plains in the past two days also supported the grain futures. Enditem
Add comments

Latest comments

Latest News
News Most Viewed