Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower


Chicago Board of Trade (CBOT) agriculture commodities finished lower Monday with soybean futures seeing ups and downs in a choppy session.

The most active Corn contract for May delivery fell 3.25c, or 0.86% to settle at 3.74 bu.

May Wheat delivery lost 6c, or 1.30% to close at 4.5425 bu.

May Soybean were down 2.75c, or 0.27% to settle at 10.255 bu.

CBOT brokers reported that funds sold 6,000 contracts of Corn and 3,600 contracts of Wheat, while buying 2,500 contracts of Soybean.

Funds were early buyers of Soybean, but turned sellers at midday.

Soybean prices reversed the uptrend at midday amid concerns that the US Department of Agriculture (USDA) will probably increase its forecast for acreage in this week’s prospective plantings report, and further declined into negative territory.

CBOT Corn and Wheat also posted losses Monday.

Stay tuned…

The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX Australia (see all)