CBOT corn, soybean futures fall over improved crop ratings
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E-mail Xinhua, July 17, 2019
CHICAGO, July 16 (Xinhua) -- Chicago Board of Trade (CBOT) crop futures traded lower on Tuesday morning over improved conditions of U.S. corn and soybeans.
As of 1526 GMT, the most active corn contract for December delivery was down 5.75 cents to 4.4125 U.S. dollars per bushel. November soybeans were down 9.5 cents to 9.105 dollars per bushel. September wheat was down 0.5 cent, to 5.0725 dollars per bushel.
After Monday's market close, the U.S. Department of Agriculture reported slightly improved corn and soybean conditions, which pressured CBOT futures.
About 58 percent of U.S. corn crop was in good or excellent condition as of July 14, up from 57 percent in the previous week. Soybeans rated as good/excellent were also one percentage points higher week on week.
Meanwhile, weather forecasters said that heat waves, which now stress the corn and soybean crops, will possibly leave the U.S. Midwest in late July. Enditem
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