Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

$CORN, $WEAT, $SOYB

Chicago agriculture commodities finished mixed Tuesday with Corn and Soybean little changed ahead of the US Thanksgiving Holiday.

The most active Corn contract for December delivery was Unchanged at 3.45 bu.

December Wheat delivery rose 2.75 cents, or 0.65%, to 4.2475 bu.

January Soybean declined by 1 cent, or 0.10%, to 9.89 bu.

CBOT brokers reported that funds bought 4,800 contracts of Wheat and 1,800 contracts of Corn, while being flat Soybean.

Traders were covering net Short Wheat positions on the news that Russian weather service confirmed a dramatic spike in radioactivity in the Urals, following possible accident in late September or early October.

Agriculture analysts argued that if there was an accident, it was related to the processing of spent fuel for industrial or research purposes. Any fallout has already occurred and there is no growing contamination threat to world grain markets.

Have a Happy Thanksgiving.

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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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