Investing.com - U.S. grain futures were mostly higher in rangebound trade on Thursday, as investors looked ahead to the U.S. Department of Agriculture’s weekly export report to gauge the strength of global demand for U.S. supplies.
On the Chicago Mercantile Exchange, soybeans futures for January delivery traded at USD12.7963 a bushel, 0.4% higher. Prices of the oilseed traded in a range between USD12.7563 a bushel, the daily low and a session high of USD12.8038 a bushel.
The January soy contract ended down 0.2% on Wednesday to settle at USD12.7360 a bushel.
U.S. export sales were probably in a range between 500,000 tons to 1 million tons in the week ended November 14, compared to 441,031 tons in the same week a year earlier.
Elsewhere on the CBOT, corn futures for December delivery traded at USD4.2013 a bushel, up 0.7%. The front-month December contract traded in a range between USD4.1688 a bushel, the daily low and a session high of USD4.2038 a bushel.
CBOT December corn settled 0.18% lower at USD4.1700 a bushel on Wednesday.
Corn prices have been on a downward trend in recent months amid expectations this year’s corn harvest in the U.S. will be the largest on record. The December contract fell to USD4.1060 a bushel earlier in the week, the lowest since August 18, 2010.
Meanwhile, wheat for December delivery traded at USD6.5000 a bushel, up 0.4%. Wheat prices traded in a range between USD6.4738 a bushel, the daily low and a session high of USD6.5013 a bushel.
The December contract ended down 0.46% on Wednesday to settle at USD6.4720 a bushel.
Wheat futures edged higher as potential production shortfalls in Argentina and Australia underpinned the market.
Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.
On the Chicago Mercantile Exchange, soybeans futures for January delivery traded at USD12.7963 a bushel, 0.4% higher. Prices of the oilseed traded in a range between USD12.7563 a bushel, the daily low and a session high of USD12.8038 a bushel.
The January soy contract ended down 0.2% on Wednesday to settle at USD12.7360 a bushel.
U.S. export sales were probably in a range between 500,000 tons to 1 million tons in the week ended November 14, compared to 441,031 tons in the same week a year earlier.
Elsewhere on the CBOT, corn futures for December delivery traded at USD4.2013 a bushel, up 0.7%. The front-month December contract traded in a range between USD4.1688 a bushel, the daily low and a session high of USD4.2038 a bushel.
CBOT December corn settled 0.18% lower at USD4.1700 a bushel on Wednesday.
Corn prices have been on a downward trend in recent months amid expectations this year’s corn harvest in the U.S. will be the largest on record. The December contract fell to USD4.1060 a bushel earlier in the week, the lowest since August 18, 2010.
Meanwhile, wheat for December delivery traded at USD6.5000 a bushel, up 0.4%. Wheat prices traded in a range between USD6.4738 a bushel, the daily low and a session high of USD6.5013 a bushel.
The December contract ended down 0.46% on Wednesday to settle at USD6.4720 a bushel.
Wheat futures edged higher as potential production shortfalls in Argentina and Australia underpinned the market.
Corn is the biggest U.S. crop, followed by soybeans, government figures show. Wheat was fourth, behind hay.