Chicago Agriculture Commodities Finished Lower Friday

Chicago Agriculture Commodities Finished Lower Friday

Chicago Agriculture Commodities Finished Lower Friday

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) Corn, Wheat and Soybean extended losses to close the week Friday .

The most active Corn contract for December delivery lost 6.50 cents, or 1.78%, to 3.5825 bu.

September Wheat delivery fell 9.25 cents, or 2.13%, to 4.2475 bu.

November Soybean shed 5 cents, or 0.47%, to 10.5725 bu.

On the week: Corn, Wheat and Soybean declined 1.17%, 2.36% and 0.05% respectively.

The mid-day weather forecast Friday showed wetter weather in some Corn and Soybean zones in US Midwest, pressing Corn and Soybean lower again Friday as traders were closely monitoring the weather model Friday, agriculture analysts noted.

Wheat futures continued to follow Corn and Soybean South Friday.

The US Department of Agriculture (USDA) brought some Bullish export news for Soybean Friday by announcing in the morning that private exporters reported export sales of 320,000 tonnes of Soybean for delivery to unknown destinations during MY 2016/2017.

Have a terrific week.

 

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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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