Chicago Agriculture Commodities Finish Lower

Chicago Agriculture Commodities Finish Lower

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

The following two tabs change content below.

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.

Latest posts by Paul Ebeling (see all)

You must be logged in to post comments :  
CONNECT WITH