Markets > Commodities

U.S. soybean futures edge higher on trade optimism

CHICAGO
2019-10-29 04:54

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CHICAGO, Oct. 28 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled mixed on Monday, with soybean futures edging higher on trade optimism after big loss in the previous session.

The most active wheat contract for December delivery was down 6 cents, or 1.16 percent, to settle at 5.1175 U.S. dollars per bushel. December corn was down 2.75 cents, or 0.71 percent, to settle at 3.84 dollars per bushel. January soybeans were up 1 cent, or 0.11 percent, to 9.355 dollars per bushel.

Soybean futures rose on short covering after Friday's 1.32-percent drop, as traders are optimistic about crop export prospects.

Wheat futures dipped on technical selling and generally favorable weather for U.S. winter wheat, along with adequate global supplies and strong global export competition.

Corn futures were lower on technical selling and a lack of supportive news.
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