Special
Report:Global Financial
Crisis
CHICAGO, Dec. 30 (Chinese media) -- Grain futures on the
Chicago Board of Trade (CBOT) were up Tuesday on fears of South American aridity
and position-squaring.
Corn futures for March delivery ended up 2.75 cents
to 3.9625 dollars a bushel. March soybean climbed 7.5 cents to 9.53 dollars per
bushel and March wheat gained 12.75 cents to 6.0475 dollars per bushel.
Investors opted to square positions at year's end in
order to avoid risks, analysts said.
Drier weather conditions in Argentina and Brazil
would inhibit corn and soybean crops, supportive to their futures in the CBOT.
Saudi Arabia reportedly announced plans to tender for
500,000 tons of hard wheat, which would be helpful to U.S. wheat exports. The
news of potential export contributed to wheat's gains on Tuesday.
Posts
No comments:
Post a Comment