Markets > Commodities

CBOT wheat futures edge higher on technical buying

CHICAGO
2019-12-25 01:12

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CHICAGO, Dec. 24 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures traded mixed on Tuesday morning, with wheat futures rising on investors' light technical buying.

As of 1545 GMT, the most active soybean contract for January delivery fell 0.25 cent to 9.3375 U.S. dollars per bushel. March wheat added 2.25 cents to 5.4175 dollars per bushel. March corn went down 1 cent to 3.8775 dollars per bushel.

Inspections of corn and soybeans for overseas delivery were both lower week-to-week while wheat assessments increased, according to the report released by the U.S. Department of Agriculture on Monday.

Wheat inspections, in the seven days through Dec. 19 were reported at 578,458 metric tons. That's up from 510,183 metric tons a week earlier. The total was almost on par with the 578,794 tons assessed at the same time last year.

Corn and soybean futures fell mostly on technical selling and positioning ahead of the Christmas holiday.
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