Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower


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…

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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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