Chicago Agriculture Commodities Traded Mixed

Chicago Agriculture Commodities Traded Mixed

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture commodities traded mixed Thursday on low volume and weak export news.

March Corn up 0.25c at 3.4925 bu, as of 1530 GMT

March Wheat was 4c lower at 4.3025 bu

March Soybean was 1.5c lower at 9.535 bu.

Wheat futures were lower on speculation that snowfall in areas where winter varieties are grown will offer some protection from forecast cold weather.

Snow is expected in the US Central Great Plains and eastern Midwest heading into the weekend, according to the National Weather Service, which will provide some defense from Winter weather.

The US Department of Agriculture (USDA) Thursday morning released its weekly export sales report. Private exporters reported to the USDA that they’ve sold 37,700 tonnes of Corn, 71,500 tonnes of Wheat, and 617,400 tonnes of Soybean over international market.

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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