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20 August, 2018 00:00 00 AM
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CBOT futures rally over lower crop ratings, China trade talks

Xinhua

Chicago Board of Trade (CBOT) agricultural futures closed higher in the past trading week which ended August 17 amid declining crop conditions and news about trade talks with China, reports Xinhua from Chicago. The most active contract for December corn rose 7 cents weekly, or 1.88 percent, to 3.7875 dollars per bushel. December wheat delivery went up 10.25 cents, or 1.8 percent weekly, to 5.7975 dollars per bushel. November soybeans saw a 31-cent surge, or 3.6 percent, to 8.9275 dollars per bushel.

On Monday, the U.S. Department of Agriculture released its latest crop condition report, saying corn, wheat and soybeans rated good or excellent were about one percentage point down from the prior week. The falling ratings pushed up all the prices.

CBOT soybeans extended gains in late week trade over news that China and the United States were preparing for trade talks.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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