U.S. soybean futures edge higher on export optimism

0 Comment(s)Print E-mail Xinhua, November 5, 2019
Adjust font size:

CHICAGO, Nov. 4 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures settled mixed on Monday, with soybean futures rising as traders are optimistic about crop export prospect.

The most active wheat contract for December delivery decreased 6.25 cents, or 1.21 percent, to settle at 5.0975 U.S. dollars per bushel. December corn was down 6 cents, or 1.54 percent, to settle at 3.8325 dollars per bushel. January soybeans increased 1.25 cents, or 0.13 percent, to 9.38 dollars per bushel.

Soybean futures were higher on optimism about the prospect for more overseas purchases. The market was also underpinned by technical buying.

Corn futures fell for the third straight session on Monday on forecasts for larger U.S. harvest yields and concerns about sluggish demand for U.S. export shipments of the grain.

Wheat futures declined as stiff competition in global export markets and a stronger U.S. dollar pressured prices. Enditem

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter