Chicago Agriculture Commodities Opened Higher

Chicago Agriculture Commodities Opened Higher

$CORN, $WEAT, $SOYB

Chicago agriculture commodities opened higher on the 1st trading day of 2018, as severe cold continued to hit many parts of North America.

As of 1557 GMT, March Corn was up 2.5c at 3.5325 bu,

March Wheat was up 7.5c at 4.345 bu, and

March Soybean +5c at 9.6675 bu.

Bitter cold prevailed across grain-growing US Midwest, leading to worries that record-low temperatures would result in less yield.

Even in the Southern plains, actual temperatures are now as low as -5 degrees Celsius, according to weather broadcasts.

Plants without a protective layer of snow are at risk of suffering from Winter-kill.

However, the actual damage will not be known until the Spring, said agriculture analysts.

Stay tuned…

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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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