Chicago Agriculture Commodities Traded Mixed

Chicago Agriculture Commodities Traded Mixed

Chicago Agriculture Commodities Traded Mixed

$CORN, $WEAT, $SOY

Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday, with Soybean futures rising, as European Commission President Jean-Claude Juncker said the EU would buy more US Soybean.

But many observers in Europe considered the moves as symbolic as the EU does not impose tariffs on Soybean imports, limiting the impact on the futures market.

The most active Corn contract for December delivery went up 2.5c, or 0.67% to close at 3.7575 bu.

September Wheat delivery fell 6.25c, or 1.15% to close at 5.365 bu.

November Soybean delivery added 0.25c, or 0.03% to close at 8.76 bu.

Corn and Wheat futures also were trading in positive territory, with Wheat led higher by Spring Wheat contracts following disappointing results from an annual crop tour.

Soybean, Corn and Wheat all were trending below session highs, with investors locking in profits from a recent rally.

As for weather forecast for agricultural crop, thunderstorms are again possible today in parts of eastern Nebraska, western Iowa, and northeastern Kansas, according to the National Weather Service (NWS).

Have a terrific weekend

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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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