Chicago Agriculture Commodities Finished Lower
$CORN, $WEAT, $SOYB
Chicago Board of Trade (CBOT) Corn, Wheat and Soybean all retreated and settled lower Monday as weather forecast favored beneficial rain in the US Midwest.
The most active Corn contract for Jul delivery shed 16.50 cents, or 3.77%, to close at 4.2125 bu.
Jul Wheat delivery lost 8.25 cents, or 1.71%, to settle at 4.73 bu.crop
Jul Soybean declined 16 cents, or 1.38%, to close at 11.435 bu.
Corn declined most among the 3 main agriculture commodities as the overnight US weather forecast favored rains in the crop zones of the US Midwest after late Tuesday this week, and agriculture analysts noted the much-wanted rains will help the progress of Corn there, boosting expectations of bigger Corn supply this Fall.
Soybean also finished lower on the rain weather forecast, analysts said, and Wheat followed Corn and Soybean lower Monday.