Chicago corn and soybean prices rise
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Last Update: 2001-12-04
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Source: Internet
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Author: User
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Introduction: traders claimed that corn, wheat and soybean futures on the Chicago Board of trade continued to close higher on Friday The US corn export news made the March corn contract make up for this week's losses The export news made the March wheat contract soar through stop loss buying price CBOT corn closed up 5-9 * 1 / 2 cents / bushel, December contract up 9 * 1 / 2 cents, March contract up 9 * 1 / 4 cents to $2.21/bushel, the highest since November 21 Corn futures opened higher on news that the U.S sold 500000 tons of corn to China and international buyers canceled buying about 1 million tons of Chinese corn The news of CBOT's encouraging opening offset the market pressure from 2250 deliveries of corn contracts in December on Friday's first notice day Traders said the CBOT wheat contract closed up 4-7 cents on news that U.S wheat sales to Spain increased to 200000 tons March wheat contracts rose from Thursday's 6-week low to near 10 and 20 day moving average resistance levels of $2.91/bushel and $2.91 * 3 / 4 / bushel, respectively Traders claim that overnight wheat exports to South Korea and corn also support the market CBOT soybean contract prices also rose CBOT soybean prices rose 10 * 1 / 2 to 13 * 3 / 4 US cents / bushel, soybean meal prices rose 1.50-3.20 US dollars / ton, and soybean oil prices rose 0.36-0.47 US cents / pound (author:) share to feed Weibo share to:
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