Chicago Agriculture Commodities Finished Higher

$CORN, $WEAT, $SOY

Chicago Board of Trade (CBOT) agriculture commodities finished higher Tuesday, with Soybeans surging over 3%, back to above 9.00 bu.

The most active Corn contract for December delivery rose 5.25c, or 1.38 percent to settle at 3.865 bu.

September Wheat went up 7.25c, or 1.33% to close at 5.5375 bu.

November Soybeans were up 28 cents, or 3.14% to settle at 9.19 bu.

Deepening drought in Europe continued to push up wheat prices amid worry about falling crop yields.

CBOT Corn and Soybean futures are also finding support as forecasts indicate hot and dry weather in central US during the 1-H of August.

US Department of Agriculture (USDA)has reported that crop conditions declined in several Ley Corn Belt states; Illinois and Missouri.

Stay tuned…

  active, agriculture, Corn, delivery, farmers, global, market, SOY, supplies, tariffs, trade, WEAT

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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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