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MarketScreener Homepage  >  Futures  >  Chicago Board Of Trade - Floor  >  WHEAT FUTURES (W) - CBR (FLOOR)/C1       

WHEAT FUTURES (W) - CBR (FLOOR)/C1

End-of-day quote. End-of-day quote Chicago Board Of Trade - Floor - 12/02
578 USc   +2.21%
12/02REFILE-GRAINS-Soybeans rise from 2-1/2 week low; Brazil weather caps gains
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12/02Soybeans rebound from 2-1/2-week low
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12/02GRAIN HIGHLIGHTS : Top Stories of the Day
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Corn falls from 14-month high as market awaits fresh Chinese orders

10/27/2020 | 09:08pm EST

SYDNEY, Oct 28 (Reuters) - U.S. corn futures fell on Wednesday as traders locked in profits after prices hit a 14-month peak in the previous session, although losses were checked by strong recent demand from China.

FUNDAMENTALS

* The most active corn futures on the Chicago Board Of Trade were up 0.4% at $4.15 a bushel by 0155 GMT, near the session trough of $4.12-1/4 a bushel - the lowest since Oct 22.

* Corn closed down 0.4% in the previous session, when prices earlier hit a 14-month high of $4.22-1/4 a bushel.

* The most active soybean futures were up 0.3% at $10.73-1/2 a bushel, having closed down 1% on Tuesday.

* The most active wheat futures were down 0.7% at $6.11-1/2 a bushel, having closed down 0.7% on Tuesday.

* The market is waiting to see whether China will buy more U.S. corn and soy after a recent uptick in purchases.

* Brazilian soybean farmers have planted 23% of the estimated 2020/2021 crop through Thursday of last week, as rains permitted sowing to progress after a drought that delayed work earlier in the season, agribusiness consultancy AgRural said on Monday. [nL1N2HH0XW

* Weather conditions have improved for Russia's 2021 grain crop after it rained in several regions last week, Sovecon, a leading agriculture consultancy in Moscow, said in a note on Monday.

MARKET NEWS

* The euro fell against the dollar after a media report that France's government is leaning toward reinstating a national lockdown to curb a resurgence in coronavirus infections.

* Oil prices slid more than 1%, paring the previous day's gains, as a jump in U.S. crude inventories and surging COVID-19 cases raised fears of an oversupply of oil and weak fuel demand.

* Asian markets looked set for another weaker open as worries about a surge in coronavirus cases and dwindling hopes for a U.S. stimulus package kept investors gloomy.

(Reporting by Colin Packham; Editing by Aditya Soni)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
CORN FUTURES (C) - CBR (FLOOR)/C1 1.02% 419 End-of-day quote.6.96%
LONDON BRENT OIL 1.00% 48.42 Delayed Quote.-27.74%
SOYBEAN OIL FUTURES (ZL) - CBE (ELECTRONIC)/C1 0.35% 37.53 End-of-day quote.8.44%
WHEAT FUTURES (W) - CBR (FLOOR)/C1 2.21% 578 End-of-day quote.1.21%
WTI 1.10% 45.38 Delayed Quote.-26.33%
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