Chicago Agriculture Commodities Traded Mixed 

Chicago Agriculture Commodities Traded Mixed 

Chicago Agriculture Commodities Traded Mixed

$CORN, $WEAT, $SOY

Chicago Board of Trade (CBOT) agriculture commodities finished mixed Tuesday with Soybean futures rising on investors’ short-covering.

The most active Corn contract for December delivery down 5.25c, or 1.41% to close at 3.66 bu.

September Wheat delivery fell 3.5c, or 0.68% to close at 5.1025 bu.

November Soybean delivery added 10.5c, or 1.22% to close at 8.7325 bu.

In a report released Monday by the US Department of Agriculture USDA), 70% of the US Soybean crop was rated good or excellent as of Sunday, up from 69% a week earlier.

About 72% of the US Corn crop earned Top ratings, unchanged from the week earlier, according to the USDA.

Weekly inspections of Corn and Soybean for overseas delivery were higher, while Wheat assessments declined, the USDA said in the report.

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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