Chicago Agriculture Commodities Finish Higher

Chicago Agriculture Commodities Finish Higher

$CORN, $WEAT, $SOYB

Corn, Wheat and Soybean at Chicago Board of Trade (CBOT) all finished higher Monday as an official report showed improved export.

The most active Corn contract for Dec delivery added 0.25 cents, or 0.07%, to close at 3.7525 bu.

Dec Wheat delivery was up 1.25 cents, or 0.26%, to close at 4.85 bu.

Nov Soybean gained 2 cents, or 0.23%, to close at 8.875 bu.

The US weekly export inspections from the United States Department of Agriculture (USDA) showed that Corn export was 1,000,175 tonnes in the week ending 27 August, much higher than the prior week and also higher than the same week of last year, Wheat was 601,639 tonne, also higher than the previous week and the same week of last year, Soybeans were 184,285 tonnes, lower than previous week but much higher than the same week last year.

Agriculture analysts said that these data were all above expectations and supportive.

Private exporters reported export sales of 125,000 tonnes of Soybean for delivery to unknown destinations during MY 2015/2016, which was considered to add support to Soybean, according to USDA.

Stay tuned…

HeffX-LTN

Paul Ebeling

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