Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture grains futures finished lower Monday with Soybean and Corn prices plunging more than 1%.

The most active Corn contract for December delivery fell 3.75 cents, or 1.06%, to 3.75 bu.

December Wheat delivery went down 3.5 cents, or 0.78%, to 4.4475 bu.

November Soybeans dropped 11 cents, or 1.14%, to 9.5725 bu.

Following an active weekend harvest, also due to profit-taking, Soybean futures started the week lower.

The CBOT Corn futures also suffered more than a 1% loss.

Spring Wheat is still under the pressure of the negative US Department of Agriculture (USDA) report, which pegged the US Wheat stocks at 2.25-B bu, compared to the average trade estimate of 2.20-B bu. The Wheat futures continued its downturn Monday for the 3rd session running.

A strong USD added more pressure to its agricultural commodities, making American grains less competitive

Stay tuned…

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