Thursday, April 18, 2013

Chicago corn, wheat fall while soybeans rise

Chicago agricultural commodity futures were traded mixed Thursday, with corn and wheat prices down while soybeans price up on strong export sales. 

The most active corn contract for May delivery fell 16 cent,A large number of scams make use of a brand name kitchen knives may be a letter or two off or otherwise not as smooth as in the real thing. or 2.42 percent, to close at 6.445 dollars per bushel. July wheat fell 0.The Blow Bars are one of the most sought parts for the carbon sheets. These are one of the finest means using which you can impart a new life to your crusher machines.stainless steel kitchenware are sometimes referred to as gizmos5 cents, or 0.07 percent, to settle at 7.0675 dollars per bushel.garage equipments July soybeans rose 10 cents, or 0.72 percent, to close at 13.90 dollars per bushel. 

According to Chicago Mercantile Exchange (CME), May corn traded lower on the day and softer basis levels in the eastern Corn Belt helped to spark the move lower in the nearby contract. The U.S.Clawfoot tub faucets Corn Belt saw heavy rainfall overnight and the trend will continue into Friday, which will provide a solid soil moisture foundation for planting. 

Chicago wheat traded lower on the day despite explosive export sales data Thursday morning. As of April 11, net weekly export sales came in at 552,100 tonnes for the current marketing year and a whopping 1,122,600 for the next marketing year, for a total of 1, 674,700 tonnes. The data was well above market estimates and the old crop sales were over double last week's amount reported. 

For soybeans, meal demand remains strong and export sales were supportive to the oilseed market. Net weekly export sales for soybeans came in at 339,400 tonnes for the current marketing year and 227,400 for the next marketing year, for a total of 566,800 tonnes. 

As of April 11, cumulative sales stood at 99.7 percent of the U. S. Department of Agriculture forecast for the current marketing year, compared with a 5 year average of 91 percent.

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