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CHICAGO Wholesale Penn State Nittany Lions Jerseys , Sept. 7 (Xinhua) -- Chicago Board of Trade (CBOT) grains futures closed lower on Thursday with corn futures sagging more than one percent on technical selling and expectations of a U.S. bumper harvest.
The most active corn contract for December delivery dropped 5.75 cents, or 1.59 percent, to 3.5525 dollars per bushel. December wheat delivery fell 8.5 cents, or 1.91 percent Wholesale Oregon Ducks Jerseys , to 4.3725 dollars per bushel. November soybeans went down 2.25 cents, or 0.23 percent, to 9.6875 dollars per bushel.
Wheat faced pressure from weak worldwide demand for U.S. supplies and a round of profit taking following a run-up to the three-week high hit on Wednesday.
Soybeans ended in negative territory after trading higher for much of the day. Corn's drop to session lows spilled over to soybean futures late in the session. The soybean market's failure to hold support above Wednesday's high also added to the bearish tone.
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KUALA LUMPUR Wholesale Oklahoma State Cowboys Jerseys , Sept. 8 (Xinhua) -- The Malaysian ringgit which surged to a fresh near 10-month high against the dollar may continue to trend higher, said economists.
Affin Hwang Capital said in a report on Friday that it expects the ringgit continue to appreciate gradually against the U.S. dollars, strengthening to 4.10 by the end of this year.
""We believe that the Malaysian central bank's measure on exports proceeds, as well as trade surpluses Wholesale Oklahoma Sooners Jerseys , will continue to support the ringgit,"" the research house added.
The Malaysian central bank has required exporters to convert 75 percent of their total foreign currency into ringgit since December last year.
According to Bloomberg data, the ringgit has appreciated 6.55 percent to 4.18 against the U.S. dollar.
On Thursday, the Malaysian central bank maintained the country's interest rate at 3 percent Wholesale Ohio State Buckeyes Jerseys , noting the ringgit had strengthened to better reflect the country's economic fundamentals.
AmBank Research said in a report Friday that it expected ringgit to stay firm with its fair value of 4.12 to 4.15 against the U.S. dollar.
""We saw the Malaysian central bank remain upbeat on the Malaysia's growth prospects and confident over a moderate inflation outlook in the second half,"" it said.
Public Investment Bank Research also opined that the measured pace of U.S. policy adjustment suggests that ringgit may not experience too much volatility going forward.
In any case, the U.S. Federal Reserve may leave Federal Funds rate unchanged for the remaining part of the year due to tepid inflation, it said.
Besides Wholesale Notre Dame Fighting Irish Jerseys , the Malaysia central bank's rising foreign exchange reserve levels to above 100 billion U.S. dollars as of Aug. 30 suggests that it would have sufficient ammunition to keep ringgit movements at an orderly pace.
""All this suggests that ringgit may not experience much drastic movement in the near term,"" the research house said.
However, BMI Research, a unit of Fitch Group Wholesale North Carolina Tar Heels Jerseys , saw tensions persist in the run up to key anniversaries in the Democratic People's Republic of Korea (DPRK) when the country typically launches missiles, which could have negative spillover effects on the ringgit
It expected the Malaysian central bank to continue to focus on maintaining currency stability in the face of external volatility.
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