Summary
[Chicago wheat futures fell more than 1%, South African coffee bean supply concerns drove coffee futures to the highest level in the past 10 years]In late New York trading on Wednesday (January 12), CBOT corn futures fell 0.46% to $5.98-1/4/ A bushel, USDA’s monthly U.S. Department of Agriculture (USDA) agricultural stockpiles dived to a session low of $5.91 before rebounding to a session high of $6.04.
In late New York trading on Wednesday (January 12), CBOT corn futures fell 0.46% to $5.98-1/4 per bushel, the United States Department of Agriculture (USDA)agricultural productsInventories dived to a session low of $5.91 at the time of the monthly report, before rebounding to a session high of $6.04. CBOT wheat futures fell 1.40% to $7.57-1/4/bushel, after the monthly inventory report fell to a daily low of $7.53-1/$. CBOT soybean futures rose 0.99% to $13.99 per bushel. The monthly inventory report dived to a daily low of $13.66-1/2 before rebounding to a daily high of $14.01; soybean meal futures rose 0.85% and soybean oil futures rose 0.85%. CBOT cork futures rose 3.63% to $1,284.00 per 1,000 board feet. CBOT lean hog futures rose 1.61%, live cattle futures fell 0.82%, and feed cattle futures fell 0.78%. ICE raw sugar futures rose 1.27%, while ICE white sugar futures rose 2.74%. ICE Arabica coffee futures rose 1.35% to $2.4025 per pound. U.S. stocks rose to $2.4490 before the market, approaching the intraday high of $2.5035 set on December 6, 2021 since October 25, 2011; Robbs Tower coffee futures rose 0.51%. ICE cotton futures rose 1.32%, with stocks soaring to a session high of 118.99 cents at the time of the monthly report.
(Article source: 21st Century Business Herald)
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