CHICAGO, Dec. 31 (Xinhua) -- Chicago Board of Trade (CBOT) crop futures ended mixed on Tuesday, the final trading day of 2019, while all commodities posted significant gains year on year.
In 2019, CBOT corn futures gained 8.2 percent, while wheat went up 11.03 percent and soybeans up 6.76 percent.
On Tuesday, the most active corn contract for March delivery was down 0.5 cent, or 0.13 percent, to close at 3.8775 U.S. dollars per bushel. March wheat was up 2.75 cents, or 0.49 percent, to settle at 5.5875 dollars per bushel. March soybeans were up 3 cents, or 0.31 percent, to close at 9.555 dollars per bushel.
CBOT agricultural futures traded lower on Tuesday morning, as investors moved to lock in year-end profits. Yet all futures rebounded or pared some losses toward the end of the session, amid rising hopes of more export sales in the coming year.
"The imminent signing of the U.S.-China Phase One agreement is bullish into the first quarter of 2020," the Chicago-based agricultural research firm AgResource wrote in a mid-day commentary.
A weakened U.S. dollar offered additional support by making U.S. crops more competitive in international markets, said analysts.
