Chicago Agriculture Commodities Finish Mixed

Chicago Agriculture Commodities Finish Mixed

$CORN, $WEAT, $SOYB

Chicago agriculture commodities finished mixed Tuesday, with Soybean futures falling for the 9th time in 10 sessions on technical selling and forecasts for crop-boosting rains in South America.

Corn firmed on Short-covering after touching contract lows, but prices remain capped by abundant supplies.

The most active Corn contract for March delivery went up 0.5 cent, or 0.14%, to 3.475 bu.

March Wheat delivery fell 1 cent, or 0.24%, to 4.195 bu.

January Soybean dropped 5.5 cents, or 0.57% to 9.56 bu.

Private exporters Tuesday reported to the US Department of Agriculture (USDA) export sales of 145,000 tonnes Soybean for delivery to unknown destinations during MY 2018/2019 that began for Soybeans on 1 Septtember.

Trading was light as investors moved to the sidelines ahead of the year-end Holidays.

Grain markets will close early Friday and remain closed through Monday for the Christmas Holiday.

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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