Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

$CORN, $WEAT, $SOYB

Chicago agriculture commodities finished mixed Wednesday with Soybean rising for 3 sessions running.

The most active Corn contract for December delivery rose 0.5 cent, or 0.14%, to 3.4825 bu.

December Wheat delivery fell 0.5 cent, or 0.12%, to 4.2675 bu.

January Soybean went up 2.5 cents, or 0.25% to 9.985 bu.

CBOT floor brokers reported that funds bought 2,300 contracts of Soybean while selling 4,100 contracts of Corn and 3,200 contracts of Wheat.

Wednesday, funds in general were selling Corn and Wheat and buying some more Soybean, which kept rising for 3 sessions running.

Both Chicago and Paris Wheat contracts suffered losses Wednesday, on ample supplies in the world market and declining prices.

Egypt has just announced to purchase 120,000 tonnes of Wheat from Russia in December at slightly weaker prices, which added more pressure on CBOT Wheat.

Stay tuned…

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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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