Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday, with Wheat futures rising as diminishing prospects for rain in the southern US plains underpinned prices.

Soybean futures fell as the market is pricing in more Soybean acres for the United States this Spring and Summer.

The most active Corn contract for July delivery fell 0.75c, or 0.19% to close at 3.91 bu.

July Wheat delivery went up 1.5c, or 0.31% to close at 4.9075 bu.

July Soybean delivery dropped 4.25c, or 0.4% to close at 10.49 bu.

The US Department of Agriculture (USDA) released its Weekly Export Sales Report Thursday. Data shows that through the week ending 12 April US exporters sold a net 43-M bu Corn, 38-M bu Soybean, 51-M bu Wheat.

For their respective MY’s (marketing years) to date, the US has sold 1,940-M bu Corn, down 2% from last year; 1,985-M bu Soybean, down 3%; and 844-M bu Wheat, down 17% from last year.

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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