Markets > Commodities

U.S. soybean futures end lower on weak export demand concerns

CHICAGO
2019-10-24 05:04

Already collect

CHICAGO, Oct. 23 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled mixed on Wednesday, with soybean futures falling on weak export demand.

The most active wheat contract for December delivery was up 2.75 cents, or 0.53 percent, to settle at 5.2075 U.S. dollars per bushel. December corn was down 0.25 cent, or 0.06 percent, to 3.8775 dollars per bushel. November soybeans went down 0.25 cent, or 0.03 percent, to 9.3375 dollars per bushel.

Soybean futures weakened on concerns that recent rally made U.S. supplies too expensive for overseas buyers.

The U.S. Department of Agriculture on Wednesday confirmed 128,000 metric tons of soybeans for delivery to unknown destinations during the 2019/2020 marketing year.

Wheat futures rebounded on technical buying after losses in the precious two sessions.
Add comments

Latest comments

Latest News
News Most Viewed