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%.
(Source: Zhitong Finance Network)
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