Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

$SOY, $WEAT, $CORN

Chicago Board of Trade (CBOT) agriculture commodities traded higher Tuesday in bargain buying.

During the prior session, all the agriculture grain futures suffered double-digit losses. However, bargain hunters came into the market Tuesday. and pushed up the prices, said market observers.

As of 1540 GMT, July Corn was up 3.2c at 3.84 bu, July Wheat was up 9.25c at 5.145 bu, and July Soybean were up 1.25c at 10.03 bu.

As for the planting progress, the US Department of Agriculture (USDA) reported that Corn planting was 97% complete as Sunday, and 86% of the crop has emerged from the ground already, while Soybean seeding was 87% finished and 68% of the crop has emerged.

Stay tuned…

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH