The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

CBOT futures settle lower amid sell-off

Contributed by NAMPA / Xinhua.

CHICAGO, April 16 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural commodities closed lower on Monday amid massive sell-off triggered by improved weather conditions for wheat and profit-taking.
The most active corn contract for May delivery fell 3.75 cents, or 0.97 percent to settle at 3.825 dollars per bushel. May wheat delivery went down 10.25 cents, or 2.17 percent to close at 4.6225 dollars per bushel. May soybeans lost 12.25 cents, or 1.16 percent to settle at 10.42 dollars per bushel.