Chicago Agriculture Commodities Finished Higher Friday
$CORN $WEAT, $SOYB
Chicago Board of Trade (CBOT) Corn, Wheat and Soybean all finished higher Friday to close the week and month of April.
The most active Corn contract for July delivery added 0.5 cents, or 0.13%, to close at 3.9175 bu.
July Wheat delivery rose 3 cents, or 0.62%, to close at 4.885 bu.
July Soybean gained 2.25 cents, or 0.22%, to close at 10.2975 bu.
Based on the most active contract month, all 3 Chicago major agriculture commodities advanced on the week and on April.
On the week, Corn, Wheat and Soybean advanced 4.33, 3.06 , and 3.36% respectively, for the month of April, Corn, Wheat and Soybean gained 11.45, 3.17 and 13.07% respectively.
The US Department of Agriculture (USDA) said Friday morning that private exporters reported export sales of 100,640 tonnes of Corn for delivery to Japan during MY 2015/2016, analysts noted that Corn extended a little gains Friday on this new export news.
Soybean and Wheat was supported by the larger-than-expected deliveries.
CME group reported 527 1st-day deliveries of Soybean contract against May Thursday evening, while Wheat deliveries was rated at 1,680 contracts, both of the numbers were at the high end of expectations.
Additionally, technical support also prompted Corn, Wheat and Soybeans finished higher Friday. CBOT floor brokers estimated that funds have bought 3,000 contracts of Corn, 2,100 contracts of Wheat and 2,400 contracts of Soybean till midday, a Chicago-based agriculture consultancy said in its daily commentary.
Have a terrific week.
Latest posts by Paul Ebeling (see all)
- F1: Schumacher Seen as Ferrari’s Greatest Driver - November 17, 2017
- Tax Cuts Do Boost Large and Small Business Investment - November 17, 2017
- Hollywood Looking for Bitcoin Film Financing - November 17, 2017