Chicago Agriculture Commodities Finished Higher
$CORN, $WEAT, $SOYB
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.
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