Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

Chicago Agriculture Commodities Finished Lower

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture commodities finished lower Thursday after a big rally in Wednesday’s session.

As of 1445 GMT, July Corn was down 1.75c at 3.94 bu, while July Wheat was down 9.5c at 4.895 bu, and July Soybean down 2.75c at 10.365 bu.

Gaining some 25c in the past 2 days, CBOT Wheat on Thursday retreated from its 7-week high as investors locked in profits.

US weather also leans bearish for agricultural commodities as forecast features favorable planting conditions with dry and warming days across the Midwest plains for the next 5 to 10 days.

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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