Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Higher


Chicago Board of Trade (CBOT) agriculture grains futures finished higher on Wednesday.

The most active Corn contract for December delivery rose 2.5 cents, or 0.66%, to 3.79 bu.

September Wheat delivery went down 0.5 cent, or 0.11% to 4.6075 bu.

November Soybean went up 5.75 cents,or 0.59%, to 9.775 bu.

CBOT brokers estimated that funds bought 3,300 contracts of Soybean, 4,000 contracts of Corn, while selling 2,100 contracts of Wheat.

The massive sell-offs Tuesday had led to more than 2% fall in all grains futures, and bargain-buying on Wednesday boosted a rally, said analysts.

“It’s been a choppy but mostly stronger day for the grain markets, soybeans and corn still trading higher into the close while wheat market started to tail off for the last half of the day,” said one Chicago agricultural grains trader.

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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