Soyabean futures fell in early trading at the Chicago Board of Trade on Tuesday as cash markets weakened amid the early harvest of soyabeans in parts of the Midwest. Better-than-expected crop ratings for US soyabeans raised expectations for a large soyabean crop this year and also weighed on prices early, traders said.
Wheat futures were in consolidation mode after rising sharply on Monday. Corn was close to unchanged in thin trading. Chicago Board of Trade grain and soy complex trends at 9:42 am CDT (1442 GMT) on Monday. September wheat up 1-1/4 cents at $6.72-1/2 a bushel; December up 1 at $7.05-1/2.
Deliveries on CBOT September wheat big at 4,413 contracts, slightly above estimates for 2,000 to 4,000. September corn unchanged at $4.25-1/2 a bushel; new-crop December off 1/2 cent at $4.41. September soyabeans down 6-3/4 cents at $10.11-1/4 per bushel, November down 7-1/4 cents at $10.15-1/4. China sees early frost in parts of north-east soy areas.
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