CBOT futures lower following week of rally

0 Comment(s)Print E-mail Xinhua, December 11, 2018
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CHICAGO, Dec. 10 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures traded lower on Monday morning following sharp gains last week.

As of 1618 GMT, the most active March 2019 wheat was down 6 cents at 5.2525 dollars per bushel. March corn was down 0.75 cent at 3.8475 dollars per bushel. January soybeans were down 4 cents at 9.1275 dollars per bushel.

CBOT futures settled more than two percent higher across the board in the week ending December 7, thanks to better-than-expected export sales and hopes that China and the United States would take measures to ease trade tensions.

The upturn lost momentum on Monday morning amid profit-taking and a stronger dollar, while CBOT grains lacked fresh news to further boost their prices, said market watchers. Enditem

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