Chicago Agriculture Commodities Finished Higher Friday
$CORN, $WEAT, $SOYB
Chicago Board of Trade (CBOT) Corn, Wheat and Soybean all rebounded and settled sharply higher to close the week Friday.
The most active Corn contract for Jul delivery added 12.50 cents, or 2.94%, to close at 4.3775 bu.
Jul Wheat delivery added 8.75 cents, or 1.85%, to settle at 4.8125 bu.
Jul Soybean advanced 25 cents, or 2.20%, to close at 11.595 bu.
On the week: Corn climbed 3.49%, Wheat declined 2.78%, and Soybeans fell 1.59%, ending 9 successive weekly gainer in a row.
The overnight US weather forecast did not favor moisture in the crop lands of the US Midwest, and agriculture analysts noted that Corn, Soybean rebounded on concerns of dryness in the crop zone.
Wheat climbed on technical buying as it had fallen for 6 successive trading days before Friday. The data showed that funds bought 2,600 contracts of Wheat before mid-day Friday.
The US Department of Agriculture (USDA) said Friday morning that private exporters reported export sales of 129,000 tonnes of Soybean for delivery to China and export sales of 395,000 tonnes of Soybean for delivery to unknown destinations, the fresh export news helped Soybean peice Friday
Have a terrific week