Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed


Chicago Board of Trade (CBOT) agriculture commodities traded mixed Wednesday morning with Wheat futures experiencing ups and downs.

As of 1451 GMT, May Corn was down 0.25c at 3.915 bu, while May Wheat was up 2.25c at 4.8875 bu, and May Soybean down 0.5c at 10.4825 bu.

Although latest weather forecast has offered improving rain chances for Nebraska and the northern and eastern edge of Kansas, all parts of Wheat-producing US plains, there is no clear relief in sight for growers in the region.

Market observers said the drought, which has hit the US  plains in the past several months, continued to underpin wheat futures.

CBOT Wheat was lower during overnight trading but in the morning session, it started to rise again.

Stay tuned…

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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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