Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday with corn futures rising as government lowered US ending stocks in its crop report.

The US Soybean and Wheat ending stocks are getting bigger, according to a report of World Agricultural Supply and Demand Estimates from the US Department of Agriculture (USDA). Wheat futures dropped, but the Soybean market has reversed on strong overseas demand.

The most active Corn contract for March delivery rose 0.5c, or 0.14% to close at 3.6575 bu.

March Wheat delivery went down 4.25c, or 0.92% to close at 4.5625 bu.

March Soybeans rose 4.75c, or 0.48% to close at 9.8775 bu.

As for international market, weather forecast shows showers returning to Argentina Thursday evening across southern areas with the front pushing northward during the weekend. Rainfall totals across the south are estimated in a range of 0.1 to 0.6 in, while totals in the north range from 0.4 to 1.25 ins

Have a terrific weekend.

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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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