Chicago Agriculture Commodities Finished Up

Chicago Agriculture Commodities Finished Up

Chicago Agriculture Commodities Finished Up

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) Corn, Wheat and Soybean all rebounded Monday to open the week.

The most active Corn contract for December delivery gained 5 cents, or 1.40%, to 3.6325 bu.

September Wheat delivery added 4.75 cents, or 1.12%, to 4.295 bu.

November Soybean advanced 9 cents, or 0.85%, to 10.6625 bu.

Corn and Soybean rebounded Monday as the new weather forecast Monday favored hot and drier wetter weather this week again in some Corn and Soybean fields in US Midwest, easing concerns of adverse weather may boost ample supplies, according to agriculture analysts.

Meanwhile, bargain buying after Corn and Soybean fell 2 successive trading days also helped them advance Monday.

Wheat climbed along with Corn and Soybean Monday, while US Wheat also gained as European Wheat prospects were tightened by agriculture analysts.

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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