Chicago Agriculture Commodities Finished Lower
$CORN, $WEAT, $SOYB
Chicago agriculture commodities finished lower Thursday despite upbeat export sales data.
The most active Corn contract for March delivery fell 1.25 cents, or 0.35%, to settle at 3.515 bu.
March Wheat delivery went down 3.75 cents, or 0.88%, to 4.215 bu.
January Soybean lost 10.75 cents, or 1.07%, to close at 9.92 bu.
The US Department of Agriculture (USDA) released its weekly export sales report Thursday, showing that Soybean sales beat trade expectations.
USDA put weekly soybeans sales at 2.08-M tonnes, well above the trade’s expectations between 900,000 and 1.7-M tonnes.
However, the export data failed to support CBOT Soybean, which had posted sharp gains earlier this week amid concerns over dry weather forecasts for Argentina and southern Brazil.
Profit-taking further trimmed the gains of Soybeans, sending the futures again below the 10.0 bu mark.
Have a terrific weekend