Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) Corn, Wheat and Soybean all retreated and settled lower Monday as weather forecast favored beneficial rain in the US Midwest.

The most active Corn contract for Jul delivery shed 16.50 cents, or 3.77%, to close at 4.2125 bu.

Jul Wheat delivery lost 8.25 cents, or 1.71%, to settle at 4.73 bu.crop

Jul Soybean declined 16 cents, or 1.38%, to close at 11.435 bu.

Corn declined most among the 3 main agriculture commodities as the overnight US weather forecast favored rains in the crop zones of the US Midwest after late Tuesday this week, and agriculture analysts noted the much-wanted rains will help the progress of Corn there, boosting expectations of bigger Corn supply this Fall.

Soybean also finished  lower on the rain weather forecast, analysts said, and Wheat followed Corn and Soybean lower Monday.

Stay tuned…

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.