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Author Topic: Commodity market conditions CBOT Corn-Soybean Contract Close Positive  (Read 1118 times)

Thunderrs

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Commodity market conditions CBOT Corn-Soybean Contract Close Positive From buying funds

CBOT commodity market last night (21 Oct) grain futures reversed. The corn and soybean contract rose. While the wheat contract fell.

Xinhua news agency reported that Corn contract for delivery in December December wheat rose 5 cents, or 1.22 percent, to 4.1375 dollars per bushel, the December wheat contract. December wheat was down 2.25 cents, or 0.36 percent, to 6.2975 dollars per bushel. And the soybean contract to deliver in November November soybeans were 8 cents, or 0.75 percent, to 10.72 dollars per bushel.

AgResource, a Chicago-based research firm, said. The fund continues to buy grain contracts.

The US Department of Agriculture (USDA) made no announcement about U.S. grain sales on Wednesday. While China's interest in purchasing US soybeans has declined. This is because Chinese soybean extractors are concerned about record soybean imports and storage capacity.



 

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