dollars: December corn was up 1.5 cents, or 0.41 percent, to 3.6875 dollars per bushel, according to Global Times China. November soybeans were up 3.25 cents, or 0.36 percent, to 8.9875 dollars per bushel. The most active wheat contract for December delivery was down 0.25 cent, or 0.05 percent, to settle at 4.835 US dollars per bushel. CBOT soybean futures rose on follow-through buying, as the latest development on US-China trade scenario supported the market. China supports domestic companies in purchasing a certain amount of US farm produce in line with the rules of the market and the World Trade Organization, according to sources with the National Development and Reform Commission and the Ministry of Commerce . The trade news largely overshadowed fresh crop forecasts from the US Department of Agriculture on Thursday, which projected corn and soybean harvests in the United States above trade expectations. China's Customs Tariff Commission of the State Council will exclude some agricultural products such as soybeans and pork from the additional tariffs on US goods, official sources said Friday.
(news.financializer.com). As
reported in the news.
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