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in General Section Thu Jul 12, 2018 9:47 am
by lxd123456 • 365 Posts

CHICAGO, March 28 (Xinhua) -- Chicago Board of Trade (CBOT) grains futures closed higher on Tuesday as technical factors kicked in to provide support.


Wheat futures climbed in a light rebound from multi-month lows set on Monday, although forecasts for much-needed rains in the Plains wheat belt kept a lid on gains, analysts said.


Corn also firmed while soybeans were choppy as traders adjusted positions ahead of a pair of key crop reports due Friday from the U.S. Department of Agriculture.


The most active corn contract for May delivery rose 2 cents, or 0.56 percent, to 3.5775 dollars per bushel. May wheat delivery added 3.75 cents, or 0.89 percent to 4.245 dollars per bushel. May soybeans was up 0.5 cents, or 0.05 percent, to 9.72 dollars per bushel. In the outside markets, the Brent crude oil market is 0.89 dollar per barrel higher, the U.S. dollar is higher, and the Dow Jones Industrials are 100 points higher.


Cory Bratland, Kluis Commodities grain strategist, says that today's market activity features more of a bounce from oversold conditions along with lack of any new bearish news.


"Quiet trade, as traders position themselves ahead of the report out on Friday. Rallies, although very small, leading up to the report will be sold due to the large amount of bearish information out in the market place. " Bratland says.





ULAN BATOR, Sept. 5 (Xinhua) -- Mongolian President Tsakhiagiin Elbegdorj on Monday defended the two controversial wrestling coaches that stripped their clothes during Rio Olympics protesting decision of judges that gave victory to Uzbekistan's Ikhtiyor Navruzov over Mongolian wrestler in the 65kg freestyle bronze medal match.


Elbegdorj received top Mongolian athletes and the two wrestling coaches on Monday and congratulated them for their performance in Rio.


Elbegdorj said, "The Mongolian people should fight with injustice and conspiracy, corruption wherever these are. The Mongolian people should protect honor of Mongolia wherever they are. I see actions of our two coaches as such action of fight. I don't know what else could have been done."


In the match, Mandakhnaran Ganzorig started to celebrate prematurely in front of his opponent and stopped wrestling in the last few seconds of the match. As a result, Mandakhnaran was deducted points as a penalty and the Uzbek wrestler was given the victory by the judges.


Mandakhnaran's coaches considered the decision unfair and protested by stripping off their clothes in front of the judges.


In Mongolia, although many supported the actions of the coaches and saw the judges as favoring the Uzbek wrestler, some criticized the wrestler of losing patience in the game.



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