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U.S. soybean futures edge higher on fresh export sales

2019-11-08 05:58

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CHICAGO, Nov. 7 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled mixed on Thursday, with soybean futures rising on fresh U.S. soy export sales.

The most active wheat contract for December delivery decreased 4.25 cents, or 0.82 percent, to settle at 5.125 U.S. dollars per bushel. December corn was down 3.5 cents, or 0.92 percent, to settle at 3.7525 dollars per bushel. January soybeans added 9 cents, or 0.97 percent, to 9.365 dollars per bushel.

Soybean futures prices went up after losses in the previous two session, on trade optimism.

The U.S. Department of Agriculture (USDA) on Thursday said in a report that private exporters sold 136,000 metric tons of U.S. soybeans to China for delivery during the 2019/20 marketing year.

Corn futures slumped for a sixth straight session on weak export demand and investor adjusting positions ahead of a monthly USDA monthly crop supply and demand report.

Wheat futures dipped on spillover pressure from the corn market and positioning ahead of the USDA crop report.
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