CBOT agricultural futures retreat after two-day rally on China trade optimism

Source: Xinhua| 2019-02-06 01:27:58|Editor: huaxia
Video PlayerClose

CHICAGO, Feb. 5 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures retreated on Tuesday morning, following rises in the past two sessions on China trade optimism.

The progress made during last week's U.S.-China trade talks in Washington had boosted CBOT futures, especially that of soybeans, as U.S. exporters reported more sales for delivery to China during the 2018/2019 marketing year.

However, the lack of fundamental news, along with profit-taking, reversed the two-day upturn.

As of 1639 GMT, soybeans for March delivery were down 0.5 cent to 9.18 U.S. dollars per bushel. March wheat was down 1.5 cents at 5.2425 dollars per bushel. March corn was down 0.25 cent at 3.79 dollars per bushel. Enditem