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2021-07-17 22:36:17 GMT2021-07-18 06:36:17(Beijing Time) Xinhua English
CHICAGO, July 17 (Xinhua) Chicago Board of Trade (CBOT) agricultural futures went higher in the past week amid worsening climate conditions and tightening supplies.
The Chicago-based research company AgResource maintains a bullish outlook for agricultural futures based on surging world demand, with record high freight rates being testament of the demand.
CBOT corn futures ended the week sharply higher as new input strongly suggests the U.S. Department of Agriculture s (USDA) new crop U.S. stocks forecast of 1.43 billion bushels will be the highest of the season. New crop carry-in stocks will be lowered, at minimum, by 50 million bushels due to larger old crop industrial and feed disappearance.
Roundup: CBOT agricultural futures rally amid worsening climate conditions
Xinhua
18 Jul 2021, 06:44 GMT+10
CHICAGO, July 17 (Xinhua) Chicago Board of Trade (CBOT) agricultural futures went higher in the past week amid worsening climate conditions and tightening supplies. The Chicago-based research company AgResource maintains a bullish outlook for agricultural futures based on surging world demand, with record high freight rates being testament of the demand. CBOT corn futures ended the week sharply higher as new input strongly suggests the U.S. Department of Agriculture s (USDA) new crop U.S. stocks forecast of 1.43 billion bushels will be the highest of the season. New crop carry-in stocks will be lowered, at minimum, by 50 million bushels due to larger old crop industrial and feed disappearance.