Grain Futures End Mixed
November 14 2018 - 3:58PM
Dow Jones News
By Francesca Fontana
Grain prices made modest moves Wednesday as traders digested
harvest and planting progress as well as developments in export
inspections.
Soybean contracts for January delivery rose 0.6% to $8.83 1/2 a
bushel at the Chicago Board of Trade. December corn contracts rose
0.1%, while December wheat contracts fell 0.9%.
The U.S. Department of Agriculture reported export inspections
for corn at 44.7 million bushels and soybeans at 47.8 million
bushels, analysts said. While corn's total to date is almost double
what it was last year, soybeans are still well below last year's
figures, said Kristi Guse of MaxYield Cooperative.
Soybean exports have suffered as the trade dispute between the
U.S. and China, once its largest soybean buyer, continues.
President Trump has signaled progress in trade talks with China
recently, and the countries' two presidents are slated to meet
during the G-20 summit. Traders are watching for any additional
developments on negotiations before the meeting at the end of the
month, analysts said.
Meanwhile, corn and soybean harvest advances relieve some
pressure on prices, though soybean progress still lags the 5-year
average, analysts said.
Write to Francesca Fontana at francesca.fontana@wsj.com
(END) Dow Jones Newswires
November 14, 2018 15:43 ET (20:43 GMT)
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