Chicago Agriculture Commodities Traded Higher
Chicago Board of Trade (CBOT) agriculture commodities traded higher Tuesday, with Corn and Soybean futures rising over declined crop ratings.
As of 1459 GMT, the most active December Corn was up 5c at 3.605 bu, and Soybean contract for November delivery rose 9.5c at 8.5525, while September Wheat was up 9c at 4.975 bu.
CBOT Corn and Soybean rallied after US crop ratings declined in the 7 days that ended Sunday.
Meanwhile, decreasing world Wheat stocks have boosted the prices, said market observers.
Russian Wheat is expected to suffer a further fall based on harvest yield data collected so far, along with the fear for further degrading of the EU and Australian Wheat crops.
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