Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed


Chicago Board of Trade (CBOT) Soybean closed sharply higher Monday, Corn finished higher after it fell for 5 straight trading days, Wheat extended its loss to open the week.

The most active corn contract for July delivery added 0.75 cents, or 0.20 percent, to close at 3.8525 dollars per bushel. In Sept., wheat delivery fell 6.75 cents, or 1.45 percent, to settle at 4.5825 dollars per bushel. In Nov., soybeans advanced 26.25 cents, or 2.43 percent, to close at 11.0475 dollars per bushel.

Soybean settled sharply higher Monday on export news from the US Department of Agriculture (USDA), which announced in the morning that private exporters reported export sales of 150,000 tonnes of Soybean for delivery to unknown destinations.

USDA already announced Friday morning export sales of 411,500 tonnes of Soybean for delivery to unknown destinations.

Corn and Soybean was boosted as new weather forecast favored hotter and drier weather in some crop fields in US Midwest in July, according to analysts.

As for the Wheat, agriculture analysts noted that ongoing wheat harvest in US Midwest and Southern Plains gave pressure on Wheat, the stronger USD Monday also weighed on the USD-denominated US Wheat

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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