Chicago Agriculture Commodities Finished Mixed
$CORN, $WEAT, $SOYB
Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday, with Corn and Wheat futures rising in largely technical-driven trading as investors awaited crop supply and demand estimates from US Department of Agriculture(USDA) due early Friday.
The most active Corn contract for March delivery added 1c, or 0.27%, to close at 3.6675 bu.
March Wheat delivery went up 4c, or 0.89%, to close at 4.5125 bu.
March Soybean fell 2.25c, or 0.22%, to close at 10.32 bu.
At its annual agricultural outlook meeting Thursday, the USDA pegged the US Y 2018 Corn and Soybean acreage at 90-M each, in line with analyst expectations.
As for international market, the main Argentine agricultural area will hold in an arid trend over the next 10-14 days. The Argentine drought is becoming acute, and rain is immediately needed to prevent a further sharp fall in crop yield potential.
Have a terrific weekend.
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