Home Ā» Wheat leads the decline, Chicago grain futures, Russia’s harvest situation and U.S. planting speed both reduce investors’ concerns about global supply tightness

Wheat leads the decline, Chicago grain futures, Russia’s harvest situation and U.S. planting speed both reduce investors’ concerns about global supply tightness

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Summary

[Wheat leads the decline in Chicago grain futures Russia’s harvest and the speed of planting in the United States have reduced investorsā€™ concerns about tight global supply]On Tuesday (September 21) in late New York, CBOT corn futures fell 1.01% to US$5.16-1/2 /Bushel. CBOT wheat futures fell 1.50%, falling for the third consecutive trading day at US$6.89-1/2 per bushel, down 11% from the eight-year high set in mid-August. SovEcon raised its harvest forecast for large growers in Russia, Farm Futures analyst Jacqueline Holland believes that the US planting rate is 3% higher than the five-year average. CBOT soybean futures rose 0.85% to $12.74/4 per bushel. CBOT softwood futures rose 0.45% to $596.20 per 1,000 board feet. CBOT lean hog futures fell 0.71%, live cattle futures fell 0.60%, and feed cattle futures fell 0.33%. ICE raw sugar futures rose 0.64%, and ICE white sugar futures rose 0.64%. ICE Arabica coffee futures rose 0.34%, and Robusta coffee futures rose 0.14%. ICE cotton futures rose 1.39%.

In late New York trading on Tuesday (September 21), CBOT corn futures fell 1.01% to US$5.16-1/2 per bushel. CBOT wheat futures fell 1.50%, falling for the third consecutive trading day at US$6.89-1/2 per bushel, down 11% from the eight-year high set in mid-August. SovEcon raised its harvest forecast for large growers in Russia, Farm FuturesAnalystJacqueline Holland believes that the US planting rate is 3% higher than the five-year average. CBOT soybean futures rose 0.85% to $12.74/4 per bushel. CBOT softwood futures rose 0.45% to $596.20 per 1,000 board feet. CBOT lean hog futures fell 0.71%, live cattle futures fell 0.60%, and feed cattle futures fell 0.33%. ICE raw sugar futures rose 0.64%, and ICE white sugar futures rose 0.64%. ICE Arabica coffee futures rose 0.34%, and Robusta coffee futures rose 0.14%. ICE cotton futures rose 1.39%.

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(Source: Zhitong Finance Network)

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