Chicago Agriculture Commodities Finished Mixed
$CORN, $WEAT, $SOYB
Chicago agriculture commodities finished mixed Monday with wheat posting sharp losses due to a firmer USD.
The most active Corn contract for December delivery went up 2 cents, or 0.58%, to 3.45 bu.
December Wheat delivery fell 5.25 cents, or 1.23%, to 4.22 bu.
January Soybean dropped 0.5 cent, or 0.05% to 9.90 bu.
CBOT brokers reported that funds bought 2,500 contracts of Corn, while selling 3,200 contracts of Soybean and 1,700 contracts of Wheat.
A stronger USD has made CBOT Wheat futures less competitive at international market with ample inventories.
As a result, the prices plunged Monday following a 2-day rally last week.
The US Soybean export sales are falling behind the official forecast looking for a 4% increase for the crop year as Brazil continues to offer old crop Soybean through December.
Short covering again supported the Corn futures, which closed with moderate rise.
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