U.S. agricultural futures rise

Xinhua
01 Aug 2020, 02:48 GMT+10

CHICAGO, July 31 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures rose across the board on Friday, led by soybean.

The most active corn contract for December delivery rose 0.25 cents, or 0.08 percent, to close at 3.27 U.S. dollars per bushel. September wheat gained 1.75 cents, or 0.33 percent, to settle at 5.3125 dollars per bushel. November soybean climbed 4.25 cents, or 0.48 percent, to close at 8.925 dollars per bushel.

CBOT traders estimate that funds have bought 2,800 contracts of soybeans, 1,700 contracts of corn and 3,700 contracts of wheat.

The U.S. Department of Agriculture (USDA) reported the sale of 114,300 metric tons of corn to Mexico. Corn can't hold a rally amid large old crop stocks and the coming harvest in 2 weeks in the Gulf States, Chicago-based consulting company AgResource noted.

Farmers in Brazil have now harvested 65 percent of the winter corn crop, a pace well below last year and the 5-year average, AgResource's Brazilian office estimated.

China did not show up securing any U.S. soybeans for the 4th consecutive day. Chinese demand is needed for U.S. soybeans next week as the Central U.S. weather forecast is favorable and yield prospects are brightening, AgResource noted.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Asia Pacific Star.

More Information

null in null

Asia

Section

Thousands gather in Himalayas as Dalai Lama celebrates 90th birthday

DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...

Beijing hits back at EU with medical device import curbs

HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...

"Every Indian is elated with this recognition": PM Modi as 'Maratha Military Landscapes' gets UNESCO tag

New Delhi [India], July 12 (ANI): Prime Minister Narendra Modi on Saturday stated that every India is elated with this recognition...

India highlights growing Indo-Pacific role under SAGAR vision in 2024 MEA report

New Delhi [India], July 12 (ANI): The Ministry of External Affairs (MEA) has underlined India's increasing involvement in the Indo-Pacific...

'Well done to both teams': Jay Shah as Italy, Netherlands qualify for T20 World Cup 2026

New Delhi [India], July 12 (ANI): International Cricket Council (ICC) chairman Jay Shah lauded Italy and the Netherlands after both...

Daily World Briefing, July 12

Chinese FM calls for joint efforts in finding right way for China, U.S. to get along China and the United States should work together...

Business

Section