Chicago Agriculture Commodities Finished Lower

$CORN, $WEAT, $SOYB

Chicago agriculture commodities finished lower Monday with Soybean futures falling to their lowest marks in a month, pressured by improving crop weather in South America and chart-based selling.

Wheat fell in technical moves amid a lack of news, and Corn fell too, but the lead December contract stayed in a narrow trading range, holding above last week’s contract low level.

The most active Corn contract for December delivery went down 1.25 cents, or 0.36%, to 3.4225 bu.

December Wheat delivery fell 7.25 cents, or 1.68%, to 4.2425 bu.

January Soybean dropped 12.75 cents, or 1.29% to 9.7425 bu.

Weaker currencies of major grains exporters also make US agriculture commodities more competitive. The Russian Ruble has fallen to new lows for this move, and currencies in South America are down slightly.

Stay tuned…

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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