Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture commodities finished higher Thursday, with Wheat futures rising as drought conditions are unchanged in US Plains despite early week rainfall in Kansas.

Corn futures rose slightly on increased export demand while Soybean ended flat to unchanged.

The most active Corn contract for May delivery rose 1c, or 0.27% to close at 3.76 bu.

May Wheat delivery went up 2.25c, or 0.5% to close at 4.5575 bu.

May Soybeans stayed Unchanged at 10.2975 bu.

As for international market, Saudi Arabia is tendering for another 1-M tonnes of world Barley, which will be rather difficult to find and will only push barley prices higher.

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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