Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower

Chicago Agriculture Commodities Traded Lower


Chicago Board of Trade (CBOT) agriculture commodities traded lower Thursday morning, with Wheat futures falling as rain fell across part of US plains which will benefits Wheat growth conditions.

Investors awaited news from consultation between China and the United States on economic and trade issues which may be out by the weekend.

Trade issues are weighing heavily on the minds of traders and producers as crop planting has advanced swiftly in US Midwest.

July Corn was 0.5c lower at 4.045 bu as of 1350 GMT

July Wheat was 4c lower at 5.2275 bu.

July Soybean was down 3.5c at 10.395 bu.

As for agriculture weather forecasts for international market, there is limited rain in sight for Australian Wheat areas with winter grain seeding normally underway.

Black Sea weather forecasts offer modest rain totals for the next 10 days, but temperatures will cool next week. And the winter Brazilian Corn areas will be bone dry into mid-May

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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