Chicago Agriculture Commodities Finished Mixed
$CORN, $WEAT, $SOYB
Chicago Board of Trade (CBOT) agriculture commodities finished mixed Tuesday, with Wheat futures falling 0.44% as crop conditions stabilized in the dry US plains growing region.
Agriculture analysts said that investors are eyeing the US Department of Agriculture’s (USDA) monthly report due to be released Thursday.
The most active Corn contract for May delivery rose 1c, or 0.26% to close at 3.8825 bu.
May Wheat delivery dropped 2.25c, or 0.44% to close at 5.07 bu.
May Soybean fell 2.75c, or 0.26% to close at 10.7475 bu.
Tuesday, CBOT floor brokers report that funds sold 3,100 contracts of Wheat and 1,200 contracts of Soybean, while buying 2,900 contracts of Corn. In Soy products, funds have sold 1,800 contracts of Soymeal and bought 2,300 contracts of Soyoil.
As for international market, Egypt’s state grain buyer General Authority For Supply Commodities is tendering for world wheat and is expected to secure Russian Wheat.
Egypt’s new crop Wheat harvest will start in April and its international import demand is expected to wane into July.