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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