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Saturday, May 30, 2015, Jaishtha 16, 1422 BS, Shaban 11, 1436 Hijr

Chicago agri commodities end mixed
Published : Saturday, 30 May, 2015,  Time : 12:00 AM,  View Count : 11

CHICAGO, May 29:  Chicago Board of Trade (CBOT) corn rebounded yesterday as an official report showed higher ethanol output and lower stocks, wheat also rebounded while soybeans settled lower.
The most active corn contract for July delivery added 4 cents, or 1.14 per cent, to close at 3.535 U.S. dollars per bushel. Wheat for July delivery gained 1 cent, or 0.21 per cent, to close at 4. 8875 dollars per bushel. July soybeans fell 1 cent, or 0.11 per cent, to close at 9.26 dollars per bushel.
The U.S. Energy Information Administration said Thursday in its weekly report that ethanol stocks for the week ended in March 22 were down 0.3 per cent from last week at 20.1 million barrels while production of the corn-based biofuel rose 1.1 per cent to 0.969 million barrels a day.
The report was seen as supportive for corn, prompted some early short covering, the Chicago-based Institute Agresource said in its daily newsletter. CBOT floor brokers reported that funds have bought 4,500 contracts of corn before midday, according to Agresource.
Dry weather in key wheat production area of Russia supported wheat. Wheat prospect declined as growing conditions have deteriorated recently amid hot and dry weather, especially in Russia's Rostov region, one of the most important for wheat exports, analysts said.    ?Agencies

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