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On February 11, 2014 Chicago agricultural products futures fall

Number of visits: Date:2014-02-12

Xinhua Chicago February 11 (xinhua Xu Jing) Chicago main agricultural products futures 11 mixed.Among them, the price of corn fell, wheat and soyabean prices to rise.

The cbot corn market trading in March 2014 of the most active contract closed at $4.415 a bushel, more than the previous trading day down 1.5 cents, or 0.34%.Wheat in March 2014 contract closed at $5.9025 a bushel, more than the previous trading day up 5.5 cents, or 0.94%.Soybean contracts in March 2014 closed at $13.3475 a bushel, more than the previous trading day up 9.25 cents, or 0.7%.

The weather forecast in the next 10 to 14 days, the central United States will begin to melt snow and ice, from the central plains region to the Ohio river valley, the temperature will be close to or even higher than the temperature throughout the year.2 months later, in the southern United States new corn crop will start in some regions.

Due to a collapse in export demand, falling corn futures contract in March 11.On the day of funds sold 3000 corn contracts.Brazil, June and July will begin to export of corn.Traders believe that the usda crop report will be released 10 export expected increase 150 million bushels of U.S. corn is a bit too optimistic.

Rising wheat futures contract in March 11.Funds bought 1600 wheat contracts on the day.

Due to short covering, also because of the spot market strong demand for soybean meal, soybean futures contract in March 11 to rise.Funds bought 1200 soybean contracts on the day.At the same time, the United States department of agriculture announced to China exported 116000 metric tons of new crop soybeans, support the soybean futures.

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