"Strong fund purchases supported the grain contract to close plus the board."\ International News Monday November 16, 2020 06:26 - InfoQuest News Agency (IQ)
Commodities CBOT on Friday (13 November) contract grain rebounded across the board. It was boosted by speculative buying spoons after grain prices plunged on Thursday.
Xinhua news agency reported that Corn contract for December delivery rose 2.25 cents, or 0.55 percent, to 4.105 dollars per bushel. December wheat rose 5.25 cents, or 0.89 percent, to 5.935 dollars per bushel. The January soybean contract was up 2.5 cents, or 0.22 percent, to 11.48 dollars per bushel.
AgResource, a Chicago-based research firm, said: The fund group bought the grain contract on Friday. The US export report for the week ended Nov. 5 said the US exported 11 million bushels of wheat, 38.5 million bushels of corn and soybeans. 54 million bushels
AgResource predicts that US soybean and corn demand will remain strong. While the weather in South America will face variations. ufa
"Strong fund purchases supported the grain contract to close plus the board."\
ReplyDeleteInternational News Monday November 16, 2020 06:26 - InfoQuest News Agency (IQ)
Commodities CBOT on Friday (13 November) contract grain rebounded across the board. It was boosted by speculative buying spoons after grain prices plunged on Thursday.
Xinhua news agency reported that Corn contract for December delivery rose 2.25 cents, or 0.55 percent, to 4.105 dollars per bushel. December wheat rose 5.25 cents, or 0.89 percent, to 5.935 dollars per bushel. The January soybean contract was up 2.5 cents, or 0.22 percent, to 11.48 dollars per bushel.
AgResource, a Chicago-based research firm, said: The fund group bought the grain contract on Friday. The US export report for the week ended Nov. 5 said the US exported 11 million bushels of wheat, 38.5 million bushels of corn and soybeans. 54 million bushels
AgResource predicts that US soybean and corn demand will remain strong. While the weather in South America will face variations. ufa