Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed


Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday, with Corn futures jumping more than 1% as the US Department of Agriculture (USDA) lowered US Corn stockpiles in its monthly crop report.

CBOT Soybean futures were lower following the mid-day monthly USDA data that predicted larger-than-expected ending stocks, due in part to reduced export.

The most active Corn contract for May delivery added 6.25c, or 1.61% to close at 3.935 bu.

May Wheat delivery rose 2c, or 0.4% to close at 4.9925 bu.

May Soybean went down 1.25c, or 0.12% to close at 10.64 bu.

In its monthly supply and demand report for March, the USDA pegged the US 2017/18 Corn ending stocks at 2.172-B Bu, Wheat at 1.034-b Bu, and Soybean at 555-M Bu.

As for international market, Brazil’s agricultural agency Conab Wednesday boosted its Soybean crop estimate by 1.5-M tonnes and pared its Corn production estimate to 87.3-M tonnes for the MY 2017-18.

Have a terrific weekend.

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