Chicago Agriculture Commodities Finished Mixed
$CORN, $WEAT, $SOYB
Chicago agriculture commodities finished mixed Thursday with Corn futures falling to new contract lows as lower-than-expected weekly export sales and abundant supplies weighed on the market.
The most active Corn contract for December delivery went down 1.75 cents, or 0.52%, to 3.365 bu.
December Wheat delivery rose 1.5 cents, or 0.36%, to 4.215 bu.
January Soybean dropped 4.25 cents, or 0.44% to 9.72 bu.
Soybean also declined on disappointing weekly US Department of Agriculture (USDA) export sales data and as improving crop weather in Brazil raised prospects that the world’ s Top Soybean exporter would produce another bumper crop.
Wheat futures edged higher in a modest rebound from Wednesday’ s technically driven slide and on expectations for reduced plantings in Europe.
As for international markets
Egypt’s General Authority For Supply Commodities is tendering for world Wheat for early Y 2018 shipment and received 6 offers from exporters. The lowest price is 194.55/tonne, which is up about 2.00 from their tender of last week.
Russian FOB wheat prices are down 1 to 1.50/tonne, so the exporters added 3 to 3.5/tonne to account for phytosanitary uncertainty regarding ergot and other Wheat quality specs.
Have a terrific weekend
Latest posts by Paul Ebeling (see all)
- 2020: Box Office, ‘Dolittle’ a Big Budget Miss for Universal and Downey Jr. - January 20, 2020
- On Sam Mendes’ ‘1917’ - January 20, 2020
- Embrace the Sun - January 20, 2020