U.S. agricultural futures fall

CHICAGO, Jan. 18– Chicago Board of Trade agricultural futures fell across the board on Wednesday, led by wheat. The most active corn contract for March delivery fell 4 cents, or 0.58 percent, to settle at 6.8125 U.S. dollars per bushel. March wheat lost 9.25 cents, or 1.23 percent, to settle at 7.425 dollars per bushel.

CHICAGO, Jan. 18 (Xinhua) — Chicago Board of Trade (CBOT) agricultural futures fell across the board on Wednesday, led by wheat.

The most active corn contract for March delivery fell 4 cents, or 0.58 percent, to settle at 6.8125 U.S. dollars per bushel. March wheat lost 9.25 cents, or 1.23 percent, to settle at 7.425 dollars per bushel. March soybean shed 15.25 cents, or 0.99 percent, to settle at 15.245 dollars per bushel.

There is a battle between the fund flows and improving Southern American weather. China is on holiday next week, so any fresh grain/soybean demand will be modest.

Chicago-based research company AgResource expects that as the fund flows slow, a CBOT correction will unfold into the weekend.

There were no new U.S. Department of Agriculture Daily Export sales announcements.

A wetter pattern develops across Argentina’s crop belt starting Thursday. Near normal rainfall drops across Brazil, which will be ideal for late podding soybeans in the north while RGDS in the south sees improving rain chances this weekend. No extreme heat is noted for Brazilian crops and the outlook stays favorable for record production. Enditem