Chicago Agriculture Commodities Finished Higher
$CORN, $WEAT, $SOYB
Chicago Board of Trade (CBOT) agriculture commodities finished higher Thursday over weather concerns in North and South America.
The most active Corn contract for March delivery edged up 0.5c, or 0.14% to settle at 3.6775 bu.
March Wheat delivery went up 6c, or 1.32% to close at 4.6175 bu.
March Soybean rose 7c, or 0.69% to settle at 10.2425 bu.
Concerns that Argentine Soybean will suffer yield decrease due to deepening drought pushed up prices again. The Soybean futures have post gains for 4 days running, and reached new high since last July.
In the southern US plains, where hard-red winter Wheat is grown, little rain has fallen in the past 4 months, with little rain in the forecast.
According to US Department of Agriculture (USDA), for the week ending 8 February US exporters sold 78-M bu of Corn, 11-M bu Wheat and 24-M bu of Soybean. All were generally in line with trade bets.
Have a terrific holiday weekend.
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