Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

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

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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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