Chicago Agriculture Commodities Traded Mixed

Chicago Agriculture Commodities Traded Mixed

Chicago Agriculture Commodities Traded Mixed

$SOY, $WEAT, $CORN

Chicago Board of Trade (CBOT) agriculture commodities traded mixed Thursday, as Soybean futures continued to fall over supply issues and uncertainty surrounding the US-China trade talks.

As of 1459 GMT, July Soybeans was down 7.25c at 9.87 bu, while July Corn was up 0.75c at 3.79 bu, and July Wheat up 12.75c at 5.325 bu.

China is top buyer of US Soybeans. If the 2 sides can solve their trade disputes, American farmers will be able to sell more Soybeans to Chinese market.

Unfavorable weather conditions in some Key Wheat growing regions, such as Black Sea areas and parts of Australia, have pushed up the prices of CBOT Wheat for 2 sessions running, and the uptrend sustained Thursday morning.

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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