Chicago corn futures fell more than 3.2%, wheat futures fell 2%, and soybean futures rose by about 2.2%.
On Tuesday, the closing of the New York session saw the Bloomberg Grains Classification Index fall by 0.72% to 28.7777 points, remaining in a downtrend throughout the day. Most of the time, it fluctuated narrowly near 28.70 points. The U.S. Department of Agriculture released the monthly agricultural inventory report at 00:00 Beijing time, causing a dive to 28.4675 points, hitting a daily low, before rebounding to 28.9220 points to reach a daily high.
CBOT corn futures fell by 3.25% to $3.9450 per bushel, with two significant declines occurring after the USDA monthly report was released. CBOT wheat futures dropped by 1.99% to $5.0475 per bushel.
CBOT soybean futures rose by 2.18% to $10.3225 per bushel, dropping to $9.94 per bushel, a daily low, one minute before the USDA monthly report was released, and then rebounding to reach a daily high of $10.35. Soybean meal futures rose by 0.83% and soybean oil futures rose by 0.15%, with a V-shaped reversal throughout the day.
Latest