Chicago Agriculture Commodities Finished Higher
$SOY, $WEAT, $CORN
Chicago Board of Trade (CBOT) agriculture commodities finished higher Thursday, with Soybean futures bounced a bit after hitting contract lows Thursday amid US-China trade frictions.
The most active Corn contract for December delivery went up 6c, or 1.7% to close at 3.5925 bu.
September Wheat delivery added 12.75c, or 2.7% to close at 4.845 bu.
November Soybean delivery was 1c higher, or 0.12% to close at 8.4925 bu.
Corn rallied from earlier contract lows as the US Department of Agriculture (USDA) Thursday raised its US export forecast in its World Agricultural Supply and Demand Estimates Report.
Wheat also jumped after the USDA raised its US Wheat export projection and lowered its production forecasts for Key European suppliers in the report.
As for weather for agriculture crop, the heat wave in the US Midwest is getting bigger by the day and now encompasses parts of Eastern Oklahoma and much of north-central Arkansas.
Have a terrific weekend
Latest posts by Paul Ebeling (see all)
- The Street’s Key Stock Analysts Research Reports - September 21, 2018
- Islands of Thailand - September 21, 2018
- Gold Prices Up, Easing Trade Concerns Soften USD + Commodities - September 21, 2018