CBOT crop futures fall sharply in morning trade

Source: Xinhua| 2020-01-04 01:09:57|Editor: huaxia
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CHICAGO, Jan. 3 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures traded significantly lower on Friday morning, with soybeans falling double digits over export decline.

As of 1638 GMT, the most active corn contract for March delivery went down 4 cents to 3.875 U.S. dollars per bushel. March wheat fell 5.5 cents to 5.5475 dollars per bushel. March soybeans were down 17 cents to 9.3925 dollars per bushel.

CBOT soybeans, which had gained almost 30 cents since Dec. 20, 2019, fell sharply on Friday morning after the U.S. Department of Agriculture (USDA) reported "marketing-year low" soybean export sales for the period Dec. 20-26.

The net soybean sales of 330,300 metric tons for 2019/20 marketing year were down 55 percent from the previous week and 66 percent down from the prior four-week average, according to USDA data. Enditem

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