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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