Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture commodities finished mixed Tuesday with Wheat and Soybean futures rising, as investors turned to Short covering after Monday’s double-digit loss.

Corn futures ended slightly lower as Brazil reported strong export to overseas market.

The most active Corn contract for May delivery fell 0.5c, or 0.13% to close at 3.745 bu.

May Wheat delivery went up 2.25c, or 0.5% to close at 4.53 bu.

May Soybean added 5.75c, or 0.56% to close at 10.2825 bu.

As for international market, weather forecast for Argentina is drier than in recent days as rainfall reached nearly half of the crop area last weekend.

Such dryness will continue to tug Corn and Soybean crop estimates lower.

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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