Chicago Agriculture Commodities Finished Mixed

$SOY, $WEAT, $CORN

Chicago Board of Trade (CBOT) agriculture commodities finished  mixed Friday, with soybean futures ending at record lows on ongoing US-Sino trade frictions.

The most active Corn contract for December delivery went down 4.5c, or 1.25% to close at 3.5475 bu.

November Soybean delivery dropped 15c, or 1.77% to close at 8.3425 bu.

September Wheat delivery added 12.5c, or 2.58% to close at 4.97 bu.

In total, November Soybean futures dove 60.25c on the week, or 6.74%, which is rare.

The USDA in its monthly World Agricultural Supply and Demand Estimates Report pegged Soybean exports at 2.04-B bu, down from the June outlook for 2.29-B bu.

Soybean stockpiles at the end of the MY 2018-2019 were raised to 580-M bu from 385-M bu by the USDA.

Corn futures followed Soybeans lower, with additional pressure from a favorable weather forecast for much of the US Midwest crop.

Wheat Futures rose for a 2nd straight day as crop production shortfalls in the EU and Black Sea region fueled concerns about tightening global stocks.

Have a terrific week.

  #active, #agriculture, #Corn, #delivery, #farmers, #global, #market, #SOY, #supplies, #tariffs, #trade, #WEAT

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