Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed

$SOY, $WEAT, $CORN

Chicago Board of Trade (CBOT) wheat rose almost 3% Thursday over declining crop estimates.

The Corn contract for December delivery rose 0.25c, or 0.07% to settle at 3.645 bu.

September Wheat went up 14.5c, or 2.95% to close at 5.055 bu.

November Soybean were down 8.5c, or 0.98% to settle at 8.5575 bu.

Concerns that Wheat production will shrink in France and Black Sea area due to adverse weather conditions have triggered sharp rises in the past 2 sessions. Following a more than 2% fall Tuesday, CBOT Wheat futures suffered another sharp loss during the 1st session after the US Independence Day holiday.

Meanwhile, Soybeans futures continue the downtrend as investors were closely watching trade between the US and China.

CBOT Corn prices flat to unchanged Thursday

Have a terrific weekend.

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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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