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
Latest posts by Paul Ebeling (see all)
- President Trump Could Impose More Tariffs on China… - July 16, 2019
- President Trump, “Progress” Made with Iran to Defuse Crisis - July 16, 2019
- Ferrari (NYSE:RACE) Announces Universo Ferrari - July 16, 2019