Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed


Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday with Soybean futures posting gains for the 4th session running.

The most active Corn contract for March delivery fell 1.5c, or 0.42% to settle at 3.515 bu.

March Wheat delivery went up 3.75c, or 0.89% to close at 4.2525 bu.

March Soybeans climbed 4.25c, or 0.44% to settle at 9.73 bu.

CBOT brokers reported that funds bought 1,500 contracts of Corn, 3,100 contracts of Wheat and 3,300 contracts of Soybean.

The Soybean futures continued the upturn on weather forecasts for dry weather to return in the longer term in Argentina, probably for a month or so.

The CBOT Soybean, helped by a weakening USD, are increasingly competitive in world markets, said traders.

Wheat futures received support from the dry conditions in the US great plains and Short-covering while Corn prices retreated from a sharp rise in the previous session.

Have a terrific weekend.

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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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