Chicago Agriculture Commodities Finished higher

Chicago Agriculture Commodities Finished Higher

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture commodities finished higher Thursday, with Corn, Wheat and Soybean futures all rising over 1%, as trade tension eased and cold temperatures stressed crops in the US Plains.

The most active Corn contract for May delivery rose 8.5c, or 2.23% at 3.895 bu.

May Wheat delivery went up 9c, or 1.97% to close at 4.6475 bu.

May Soybean added 16c, or 1.58% to settle at 10.3125 bu.

Freezing weather moved East into parts of several US states Thursday morning, potentially threatening soft red winter Wheat in some areas, according to the National Weather Service.

The weekly export sales report released by the US Department of Agriculture (USDA) Thursday showed Soybean sales beat expectations, while Wheat and Corn sales missed the expectations.

Have a terrific weekend

 

 

The following two tabs change content below.

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.

You must be logged in to post comments :  
CONNECT WITH