CHICAGO, Nov. 21 (Xinhua): Corn, soybeans and wheat futures rebounded across the board on the Chicago Board of Trade yesterday.
The most active corn contract for December delivery rose 10 cents, or 2.75 per cent, to close at 3.7325 US dollars per bushel. The most active soybean contract for January delivery edged up 15. 75 cents, or 1.57 per cent, to close at 10.205 dollars per bushel. The most active wheat contract for March delivery rallied 11.5 cents, or 2.13 per cent, to close at 5.525 dollars per bushel.
Analysts said that corn futures rose for the first time this week because exports from the Untied States increased. According to a report released Thursday by U.S. Department of Agriculture, the export sales of corn in the week ended Nov. 13 jumped 80 per cent to 908,700 metric tons from a week earlier, up 45 per cent from the prior four-week average.
Meanwhile, production of ethanol rose and the number of livestock to be feed at the end of year increased, which drove the price of corn up.
As for wheat, analysts said that frigid whether in the midwest will reduce planting.
About soybean, the Association of American Railroads said that carloads of the grain in the week ended Nov. 15 fell 3.9 per cent, compared with the same week in 2013. Lower carloads cause the shortage of soybeans in the market, analysts said.
Chicago agricultural commodities rebound
FE Team | Published: November 22, 2014 00:00:00 | Updated: November 30, 2026 06:01:00
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