Chicago Agriculture Commodities Finished Higher

Chicago Agriculture Commodities Finished Higher

$CORN, $WEAT, $SOYB

Chicago Board of Trade (CBOT) agriculture grains futures finished higher Thursday with Wheat futures rising 0.42%, supported by results from a tour that illustrated the damage done to the crop in a Key growing area.

Corn and Soybean finished higher as uncertainty over the impact of dryness in parts of the US Midwest underpinned prices despite rainfall and milder temperatures this week.

The most active Corn contract for December delivery rose 1.75 cents, or 0.45%, to 3.8775 bu.

September Wheat delivery added 2 cents, or 0.42% to 4.7975 bu.

November Soybean went up 7.25 cents, or 0.72%, to 10.075 bu.

Thursday, the United States Department of Agriculture (USDA) announced fresh Soybean sales.

Private exporters reported to the USDA export sales of 264,000 tonnes of Soybean for delivery to unknown destinations.

Of the total, 198,000 tonnes is for delivery during MY 2016/2017 and 66,000 tonnes is for delivery during MY 2017/2018. The marketing year for Soybean began on 1 September.

Have a terrific weekend.

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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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