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On March 13, 2014, the Chicago agricultural products futures rise and fall

Number of visits: Date:2014-03-15

Xinhua Chicago, March 13 (reporter Xu Jing) Chicago 13 major agricultural products futures were mixed.Corn, wheat prices, the price rise.

The Chicago board of trade (CBOT) corn market trading in May of the most active contract closed at $4.85 a bushel, more than the previous trading day down 3.5 cents, or 0.72%.Wheat may contract closed at $6.7375 a bushel, more than the previous trading day down 10 cents, or 1.46%.Soy may contract closed at $13.9625 a bushel, more than the previous trading day up 9.25 cents, or 0.67%.

Because the funds to buy wheat rose the same day.However, then the market profit-taking, to wheat prices to fall.Corn prices after wheat fell;Soybean prices rebound after three consecutive trading day down.

On the day of export sales figures released by the largely in line with market expectations.Data show that by the end of 6 weeks, U.S. corn export sales to 26.9 million bushels, a fall of 50% from the previous week, the annual total export sales of 1.505 billion bushels of corn crop, as the United States department of agriculture forecasts of a 93%;Wheat export sales to 17.5 million bushels, than a week before the slight decline, this year's wheat crop total export sales of 1.07 billion bushels, largely in line with 1.175 billion bushels of exports to the United States department of agriculture is expected;Soybean export sales to 4.2 million bushels, this annual soy crop and 106% of total export sales to the United States department of agriculture is expected.

By investigating producers, a research firm expects the new soybean crop planting area of 83.2 million acres, corn planting area of 92.3 million acres, planting area of 55.3 million acres of wheat.This means that the corn, wheat and soybean acreage 2.7 million acres total growth.

At the same time, the market continues to talk about, because the supply growth, prices, China is seeking to cancel or postpone South American soybean contracts, and began to cancel orders for U.S. soybean.

The weather forecast is conducive to crop growth as a whole.Forecast shows that most of the plains and Midwest this weekend and next week for warm weather, eastern plains and the Midwest for the next two weeks there will be rain, the climate will become more moist.

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