Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

 $CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture grains futures finished higher Thursday with Soybean futures climbing nearly 1%, lifted by strong export demand and gains in Soyoil prices.

Corn and Wheat futures rallied late in the trading session on short-covering after prices for each earlier notched life-of-contract lows.

The most active Corn contract for December delivery added 0.5 cent, or 0.14%, to 3.5625 bu.

December Wheat delivery went up 4.5 cents, or 1.05% to 4.345 bu.

November Soybeans rose by 8.5 cents, or 0.91%, to 9.465 bu.

The agriculture grain prices are searching for some fresh new news to trade on.

CBOT brokers report that funds have sold 4,300 contracts of Corn and 900 contracts of Wheat, while buying 4,500 contracts of Soybean.

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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