Chicago Agriculture Commodities Finished Mixed

$SOY, $WEAT, $CORN

Chicago Board of Trade (CBOT) agriculture commodities finished mixed Thursday, with Soybean futures falling on renewed trade tensions.

Wheat and Corn futures went up on bargain-buying and fears of tightening global supplies.

The most active Corn contract for July delivery rose 0.5c, or 0.13% to close at 3.94 bu.

July Wheat delivery added 4.25c, or 0.81% to close at 5.2625 bu.

July Soybean delivery went down 4.5c, or 0.44% to close at 10.185 bu.

US Commerce Secretary Wilbur Ross said Thursday that the country will impose tariffs on steel and aluminum imported from the European Union (EU), Canada and Mexico from Friday.

The international market

Egypt, the world’s biggest importer of Wheat, rejected the shipment from Russia due to excessive amounts of grain fungus, according to a statement of Egypt’s Agriculture Ministry.

That may mean the North African nation will turn to the United States for Wheat supplies.

Have a terrific weekend

  active, agriculture, Corn, delivery, global, market, SOY, supplies, WEAT

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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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