Chicago agricultural futures recover as traders await gov't crop report

Source: Xinhua| 2018-07-12 23:40:21|Editor: huaxia
Video PlayerClose

CHICAGO, July 12 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities traded higher on Thursday morning, as traders turned to bargain hunting after prices plunged Wednesday.

December corn was 2.75 cents lower at 3.56 U.S. dollars per bushel as of 1530 GMT, while September wheat was 6 cents lower at 4.7775 dollars, and November soybean was up 6 cents at 8.5425 dollars.

CBOT agricultural futures were also steady ahead of the World Agricultural Supply and Demand Estimates Report, which will be released by the U.S. Department of Agriculture on Thursday.

As for weather forecast for agricultural crop, the heat wave in the U.S. Midwest is getting bigger by the day and now encompasses parts of eastern Oklahoma and much of north-central Arkansas. Enditem