Chicago Agriculture Commodities Finish Lower
$CORN, $WEAT, $SOYB
Chicago agriculture commodities finished lower Thursday, as traders continued profit taking ahead of the year’s end.
March Corn were 1.75 cents lower at 3.52 bu, as of 1500 GMT in the morning trading,
March Wheat was down 1.25 cents at 4.2675 bu
March Soybean was down 6 cents at 9.615 bu.
With only 1 trading sessions left in the year, investors are squaring up positions, and those who made money are liquidating their long contracts, agriculture analysts said.
Prices also are falling amid weak demand for US products.
Russian exporters are undercutting US shippers on Wheat prices, and official data show that export sales of US Corn, Soybean, and Wheat are all trailing last years pace.
Still, dry weather in Argentina is underpinning Soybean prices, while extremely cold weather in the US Plains is likely to boost Wheat futures
Have a safe and same New Year’s Weekend