Chicago Agriculture Commodities Traded Higher

$CORN, $WEAT, $SOY

Chicago Board of Trade (CBOT) agriculture commodities finished mixed Monday, with Corn futures rising despite the fund managers adding to their shorts, favorable crop-weather.

The most active Corn contract for December delivery went up 2.25c, or 0.61% to close at 3.7125 bu.

September Wheat delivery fell 2.25c, or 0.44% to close at 5.1375 bu.

November Soybean delivery was down 2c, or 0.23% to close at 8.6275 bu.

CBOT Sheat futures pulled back on worries about poor crop weather in Europe and the Black Sea region pushed prices to their highest in about 6 weeks.

Wheat and Soybean futures both fell slightly as investors turned to technical selling Monday.

As for weather forecast for agriculture crops, the heat wave that hovered over the southern US Midwest is now limited to mostly central and southern Texas with rainfall and cooler temperatures expected in parts of Oklahoma and Arkansas that baked at the weekend.

Stay tuned

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