Chicago Agriculture Commodities Finished Higher Friday

Chicago Agriculture Commodities Finished Higher Friday


Chicago Board of Trade (CBOT) Corn, Wheat and Soybean all rebounded and finished higher Friday.

The most active Corn contract for Jul delivery rose 3.75 cents, or 1.00%, to close at 3.775 bu.

July Wheat delivery added 0.50 cents, or 0.11%, to close at 4.6375 bu.

July Soybean advanced 22.50 cents, or 2.22%, to close at 10.3475 bu.

On the week

Corn, Wheat declined 3.64 and 5.07% respectively, Soybean gained 0.49%.

The market was quiet Friday, some agriculture analysts said that US Corn, Wheat and Soybean rebounded on short covering after their big losses on Thursday.

For Corn, the US Department of Agriculture (USDA) said Friday morning in its daily sale report that private exporters reported export sales of 132,000 tonnes of Corn for delivery to Israel during MY 2015/2016.

Agriculture analysts noted that this data also helped Corn go higher Friday as it showed new overseas demand for US Corn.

Have a terrific week.

Paul Ebeling

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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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