Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture grains futures finished lower Thursday with the trade volumes of Corn and Wheat shrinking sharply ahead of a Key grain stocks report.

The most active Corn contract for December delivery fell 1.5 cents, or 0.42%, to 3.525 bu.

December Wheat delivery slid 6.5 cents, or 1.41%, to 4.55 bu.

November Soybean went down 6 cents, or 0.62%, to 9.595 bu.

Traders saw a dull and lower session Thursday.

Not only because it was toward the end of this Month and Quarter, but also 1 day before the US Department of Agriculture (USDA) releases its Quarterly Grain Stocks Report and many anticipate a Bearish one.

The futures of Corn and Wheat went down 1.5 to 6.5 cents as the latest export sales were near to below expectations. Profit-taking also played a role in the price decline of Wheat.

And for Soybean, even a record-high weekly export demand failed to prompt significant buying’s.

Have a terrific weekend…

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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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