Corn harvest still lags, soybeans almost done

Corn harvest still lags, soybeans almost done

CBOT November soybean and rough rice futures contracts expire at 12:01 p.m. CST (1801 GMT).

The Agriculture Department's latest estimates put South Dakota's corn crop at 788 million bushels, down 5 percent from a year ago. December wheat delivery fell 7.25 cents, or 1.68 percent, to 4.2425 dollars per bushel. Futures underpinned by a decline in U.S. crop condition ratings and the fact that commodity funds already hold a large net short position in CBOT wheat futures.

Corn for grain harvest advanced 19 percentage points, but remained 12 days behind the 5-year average, bringing the total harvest to 79 percent complete.

Oil falls for a third day, knocked by rising U.S. output
The country's light oil price was reported $50.39 on average since the beginning of 2017 until November 3. Brent crude futures were last down 34 cents on the day at $62.82 a barrel at 1212 GMT, while U.S.

CBOT December corn last traded down 1-1/4 cent at $3.42-1/4 per bushel. Rallies capped by forecasts for welcome rains this week in crop areas of Brazil. The U.S. corn harvest is behind the historical averages in Wisconsin and much of the Eastern Midwest.

January soybeans went down 3.75 cents at 9.705 USA dollars per bushel as of 1610 GMT in the morning trading, December corn was down 2.5 cents at 3.3975 dollars, while December wheat was up 4.25 cents at 4.285 dollars.

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