US soyabean futures edged lower on Friday and corn futures were little changed ahead of what is expected to be an active weekend of harvesting in the United States, the world's top producer of both crops. Projections that the US harvest will continue to uncover larger-than-expected yields kept a lid on futures prices, despite robust export demand for corn and soya, analysts said.
Chicago Board Of Trade November soyabeans lost 0.1 percent to $13.08-3/4 a bushel by 10:10 am CST (1510 GMT) and December corn was flat at $4.40-1/4 a bushel. Private exporters struck deals to sell 120,000 tonnes of US soyabeans to China and 120,000 tonnes of US soyabeans to Taiwan for delivery in the marketing year that began on September 1, the USDA said on Friday. CBOT December wheat gained 0.1 percent to $6.97-1/4 a bushel.
Comments
Comments are closed.