Chicago Agriculture Commodities Traded Mixed

Chicago Agriculture Commodities Traded Mixed

$CORN, $WEAT, $SOYB

Chicago agriculture commodities traded mixed Wednesday morning with Soybean falling on wetter weather in South America and as investors square positions ahead of US Department of Agriculture (USDA) report Friday.

March Corn were up 0.5c at 3.495 bu, as of 1540 GMT,

March Wheat was 1.5c higher at 4.3375 bu, while

March Soybeans was 5.5c lower at 9.5825 bu.

Rainfall is now forecast for the next 10 days in parts of Argentina, which may boost crop prospects in the country, according to Commodity Weather Group.

Rain is also expected in the central Midwest of US, which may boost prospects for some soft red Winter Wheat crops, but any help is limited, the forecaster said

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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