Chicago Agriculture Commodities Finished Mixed on the Week

Chicago Agriculture Commodities Finished Mixed on the Week


Chicago agriculture commodities finished mixed Friday, with Soybean futures slightly higher, Corn and Wheat futures lower.

Trading was extremely quiet as traders, investors and hedgers took the day off ahead of the long holiday weekend.

Some position squaring happened, but volume was light, agriculture analysts said.

March Corn was down 1c at 3.51 bu as of 1540 GMT in the morning trade

March Wheat was down 2.5c at 4.2525 bu.

January Soybean was up 1.5c at 9.5675 bu.

Soybean prices Thursday dropped 10.75c on favorable weather in Brazil. Rain has already fallen in much of central Brazil and is scheduled to fall in northern states in the next week to 10 days, forecasters said.

Crops in Brazil are in a Key reproductive period, which makes the rainfall timely. Some weekend showers are developing in Argentina, where dry weather has been a concern.

Have a terrific New Year!

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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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