Chicago Agriculture Commodities Finished Mixed

Posted by: : Paul EbelingPosted on: December 30, 2014 Chicago Agriculture Commodities Finished Mixed
 

Chicago Agriculture Commodities Finished Mixed

Chicago Wheat fell Tuesday, with plentiful global supplies giving stiff competition to US exporters, while Corn slid for a 2nd day as a stronger USD weighed on commodities.

Soybean ticked higher, supported by widespread flooding in Malaysia, which is threatening to reduce supplies of rival Palm Oil in the world’s 2nd-largest producer.

Wheat, which jumped to its highest since late May earlier this month on concern over Russian supplies, is giving up gains because of a lack of demand for US wheat.

CBOT Mar wheat fell 0.5% to 6.125, and  Corn gave up 0.2% to 4.12 bu.

Jan Soybeans gained 0.5% to 10.465 bu.

The top Wheat importer, Egypt, was assured by Russia it would receive Wheat booked for January shipment.

Severe monsoon flooding in Malaysia is likely to cause a bigger-than-expected disruption to crude Palm Oil production, which could bolster demand for Soybean Oil.

Rain expected throughout Argentina’s Pampas grain belt over the New Year Holiday should refresh recently planted Soybean and Corn, the country’s top 2 cash crops, a local weather expert said Monday.

US Corn export sales in the wk ended 18 December hit a 10-wk high of 1.7-M/tonnes, above trade forecasts for 500,000 to 800,000 tonnes.

There was additional pressure on grains and oilseeds as a strengthening USD made agriculture commodities expensive for importers holding other currencies.

The USD hangs near a 29-month high Vs. EUR after the dissolution of the Greek parliament raised concern about potential trouble ahead for financial markets.

Agriculture Commodity Prices

Commodity Units Price Change % Change Contract Time(ET)
CBOT Corn USd/bu. 406.50 -6.25 -1.51% Mar 15 14:26:29
CBOT Wheat USd/bu. 602.00 -13.50 -2.19% Mar 15 14:23:59
CBOT Oats USd/bu. 305.00 +1.75 +0.58% Mar 15 14:15:00
CBOT Rough Rice USD/cwt 11.91 -0.16 -1.33% Mar 15 14:15:00
CBOT Soybeans USd/bu. 1,044.00 -4.75 -0.45% Mar 15 14:15:00
CBOT Soybean Meal USD/st 353.70 -4.60 -1.28% Mar 15 14:15:00
CBOT Soybean Oil USd/lb. 33.07 +0.14 +0.43% Mar 15 14:15:00
ICE Canola CAD/mt 443.40 +3.80 +0.86% Mar 15 14:33:31
Commodity Units Price Change % Change Contract Time(ET)
ICE Cocoa USD/mt 2,972.00 +8.00 +0.27% Mar 15 13:29:57
ICE Coffee “C” USd/lb. 164.80 -0.35 -0.21% Mar 15 13:35:07
ICE Sugar #11 USd/lb. 14.61 +0.01 +0.07% Mar 15 12:59:58
ICE Orange Juice Conc USd/lb. 139.95 -0.40 -0.29% Mar 15 14:00:00
ICE Cotton #2 USd/lb. 61.98 -0.03 -0.05% Mar 15 14:19:59
SFE Greasy Wool cents/kg -% Feb 15
CME Lumber USD/tbf 332.70 0.00 0.00% Mar 15 16:59:45
TOCOM Rubber JPY/kg 213.30 +7.90 +3.85% Jun 15 01:21:05
CME Ethanol USD/gal. 1.57 -0.03 -2.05% Feb 15 15:09:52
Commodity Units Price Change % Change Contract Time(ET)
CME Live Cattle USd/lb. 164.70 0.00 0.00% Feb 15 17:00:00
CME Feeder Cattle USd/lb. 216.25 +0.58 +0.27% Mar 15 17:00:00
CME Lean Hogs USd/lb. 81.18 0.00 0.00% Feb 15 17:00:00

Agriculture commodities trade on different exchanges with different trading sessions, change always shows from the prior close price.

Stay tuned…

HeffX-LTN

Paul Ebeling

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Paul Ebeling

Pattern Recognition Analyst, equities, commodities, forex
Paul Ebeling is best known for his work as writer and publisher of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

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