Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture commodities traded lower Monday morning amid concerns over the ongoing trade dispute between the United States and China.

As of 1456 GMT, July Corn was down 5.5c at 4.0075 bu, while July Wheat was down 13.75c at 5.125 bu, and July soybeans down 18c at 10.1875 .bu

CBOT futures, especially Soybean, have slid sharply as news reports indicated very limited progress was made during a high-level meeting between the 2 sides in Beijing last week.

Concerns are growing among CBOT traders that the dispute between the United Stats and China will continue.

Additional pressure came from mostly favorable US weather, said observers.

Stay tuned.

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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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