Chicago Agriculture Commodities Finished Mixed
Chicago Board of Trade (CBOT) agriculture commodities finished mixed Monday with Soybean rebounding amid bargain buying after 3 days running of sharp decliners.
The most active Soybean contract for July delivery rose 3, or 0.33%, to settle at 9.085 bu.
July Corn went down 5.25c, or 1.45% to close at 3.56 bu.
July Wheat was down 9.5c, or 1.90% to settle at 4.90 bu.
CBOT Soybean suffered significant losses in the past 3 sessions in a row over concerns about trade tensions. When the prices tested the 9.oo bu mark, bargain hunting investors came in and reversed the downturn.
Thanks to dry weather conditions in the past week, said market observers, US winter Wheat growers in the southern plains have sped up their crop harvest, which further dragged down the prices.
Corn futures also posted sharp losses in its 4th consecutive session of declines.
CBOT floor brokers reported that funds on Monday sold 3,000 contracts of Wheat, 7,000 contracts of Corn, and 900 contracts of Soybean.
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