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|CHICAGO Mason Rudolph Youth Jersey , Sept. 18 (Xinhua) -- Chicago Board of Trade (CBOT) grains futures closed lower on Monday with soybean futures falling slightly despite export demand and uncertainty about yield prospects.
Corn fell on expectations of continued, burdensome U.S. supplies, and wheat sagged on technical selling.
The most active corn contract for December delivery dropped 3.25 cents, or 0.92 percent James Washington Youth Jersey , to 3.515 dollars per bushel. December wheat delivery fell 5.5 cent, or 1.22 percent, to 4.435 dollars per bushel. November soybeans went down one cent, or 0.1 percent Chukwuma Okorafor Youth Jersey , to 9.6775 dollars per bushel.
CBOT floor brokers report that funds have sold 4,300 contracts of corn and 3,200 contracts of wheat, while buying a net 2 Terrell Edmunds Youth Jersey ,100 contracts of soybeans. Funds early sold 2,000 contracts of soybeans.
For the week ending Sept. 14, U.S. private traders has exported 26.5 million bushels of corn, 17 million bushels of wheat Joshua Dobbs Womens Jersey , and 34.1 million of soybeans during the 20172018 marketing year, according to data released Monday by the United States Department of Agriculture.
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BEIJING, July 22 (Xinhuanet) -- Tech giant Apple has posted earnings for the third quarter with profits up some 38% helped by sales of IPhones.
Revenue for the company was up at $49.61 billion from this time last year with major growth coming from China.
But shares were sent lower in after-hour trading on Wall Street with some investors fearing the company may be too reliant on the IPhone.
Beating analysts' estimates for profits and revenue Cameron Sutton Womens Jersey , Apple posted 3rd quarter earnings of $1.85 per share.
But with IPhone sales coming in below expectations at around 47.5 million for the last three months, Apple shares took a dive shortly after earnings were announced.
And senior equity analyst at S&P Capital IQ Angelo Zino says Apple's performance is significant not only for the tech sector but the US stock market in general.
"Apple now contributes to about 20% to the total of the S&P 500 market cap, the total weighting of the S&P 500 so Apple's results are extremely important. We believe for the technology sector and the overall broader market indices."
This year China became the world's biggest market for iPhones- due largely to the huge demand for the iPhone 6 and the larger screened iPhone 6 Plus.
But after strong sales at the start of the year, many analysts feared that a saturated marketplace along with fears over a stagnating economy could see sales dwindle.
Posting sales in Greater China at $13.23 billion dollars the picture however remains rosy Joe Haden Womens Jersey , with Apple CEO Tim Cook calling the performance "outstanding."
And for CEO of Quantum Networks Ari Zoldan- he says Apple's dominance in China is likely to stay.
"Every smartphone manufacturer, every technology company across every sector is going to be vulnerable to any kind of economic swing and as long as Apple continues to focus on their core technology and continues to build a very good brand, they're going to be in a great position."
Analysts are eager for a glimpse into how the Apple Watch is selling but they'll have to wait a little longer.
Watch figures were bundled into other sales of products like iPods and Apple TVs but S&P Capital estimate around 4-5 million devises were sold in the third quarter.
Some analysts expect the smartwatch to sell better when the second and third generations are released- but Ari Zoldan believes Apple should focus on their major seller - the iPhone.
"I don't see the Apple Watch as the holy grail, I think that Apple has to continue to focus on what they're good at and that's the iPhone. I just don't see the Apple Watch really taking off as a lot of people were expecting it too."
But according to Apple's CEO Tim Cook the Apple Watch has exceeded sales expectations.
Investors hope this trend continues especially with sales of the iPad once again falling short of Wall Street expectations.
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