CBOT corn futures rebound in morning trade

0 Comment(s)Print E-mail Xinhua, January 29, 2020
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CHICAGO, Jan. 28 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures traded mixed on Tuesday morning, with corn rebounding after sharp losses in the previous two sessions.

As of 1638 GMT, the most active corn contract for March delivery climbed 5 cents to 3.855 U.S. dollars per bushel, while March wheat went down 2 cents to 5.7025 dollars per bushel, and March soybeans fell 2.75 cents to 8.945 dollars per bushel.

CBOT corn futures had lost more than 3 percent in the past two consecutive sessions. Bargain hunting and technical buying pushed up corn prices on Tuesday morning, said market watchers.

The latest inspection data of U.S. corn for export also supported the crop.

According to official report, corn examinations for overseas delivery were pegged at 668,559 metric tons in the seven days ending on Jan. 23, up sharply from 396,613 metric tons during the previous period. Enditem

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