Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture commodities finished mixed Monday with Soybean falling for the fourth consecutive session.

The most active Corn contract for July delivery rose 2c, or 0.52% to settle at 3.875 bu.

July Wheat delivery fell 2.75c, or 0.58% to close at 4.745 bu.

July Soybean went down 8c, or 0.77% to settle at 10.3225 bu.

CBOT Wheat was higher in the morning after limited rain fell in the southern US plains late last week. Despite forecasts for up to 2 ins of rain in some areas, only patchy rains fell, which did not offer widespread relief.

However, Wheat futures turned lower toward the end of the session following technical selling.

CBOT Soybean, which have been under pressure from the Sino-American trade tensions, were weaker on another day lacking any new export sales announcements. Soybean futures have declined for 4 sessions running.

Corn futures, suffering a sharp fall last Friday, recovered Monday on short-covering.

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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