Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed


Chicago agriculture commodities finished mixed Tuesday with Corn futures falling to a record low on technical selling and ample global supplies.

Soybean also fell as slightly wetter forecasts for crop areas of Argentina eased near-term concerns about dryness.

Wheat closed higher on bargain-buying after most months sank to contract lows.

The most active Corn contract for March delivery went down 2 cents, or 0.57%, to 3.4975 bu.

March Wheat delivery rose 1 cent, or 0.23%, to 4.2925 bu.

January Soybean dropped 3 cents, or 0.3% to 9.93 bu.

As for other major exporters

The Argentine weather forecast is similar to the midday forecast Monday in that 60-65% of the Argentine crop areas will enjoy rain from 2 slow moving storm systems in the next 5 days.

Regular rains look to drop across North and Central Brazil with dryness continuing to worsen across South Brazil. Limited rains are foreseen for Southern states for the next 2 weeks.

Stay tuned…




The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX Australia (see all)