CBOT wheat rebounds after sharp decline

0 Comment(s)Print E-mail Xinhua, November 23, 2019
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CHICAGO, Nov. 22 (Xinhua) -- Chicago Board of Trade (CBOT) wheat futures rallied on Friday morning following significant losses during the previous session.

As of 1626 GMT, the most active wheat contract for March delivery went up 6.75 cents to 5.1875 U.S. dollars per bushel. March corn rose 1 cent to 3.80 dollars per bushel. January soybeans fell 2.5 cents to 8.985 dollars per bushel.

CBOT wheat futures have seen a choppy trading week amid unsatisfactory crop condition, bargain buying, profit taking and short covering.

After a 1.3 percent decline on Thursday, CBOT wheat on Friday morning posted gains again on solid demand for the grain and concerns over the condition of the winter crop. Enditem

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