Chicago Agriculture Commodities Finished Mixed

Chicago Agriculture Commodities Finished Mixed


Chicago Board of Trade (CBOT) agriculture commodities closed mixed Monday with Wheat continuing its Northside drive on concerns that lingering rains in the US Midwest will delay the harvest, Corn futures little flat to little changed, while Soybean down ahead of a critical US agriculture crop report.

The most active Corn contract for Dec delivery added 0.25 cents, or 0.06%, to close at 4.0225 bu.

Sept Wheat delivery gained 15.5 cents, or 2.73%, to close at 5.835 bu.

Nov Soybean lost 6 cents, or 0.61%, to close at 9.8 bu.

Chicago Wheat futures rallied for a 3rd session running to a 6-month high Monday, that on widespread speculation that excessive rainfall in the US Midwest will damage crops and delay the pace of the harvest.

Soybean Monday snapped a 2-day rally as funds move to square positions ahead of the US Department of Agriculture (USDA) stocks and seeding crop report due out Tuesday.

Meanwhile, Corn futures closed mixed Monday with Dec Corn rising slightly after its 3-session winning streak.

The US weekly export inspections released by USDA Monday showed that Soybean inspections through the week ending 25 June totaled 296,860 tonnes, noticeably up more than 66% from the prior week, but much lower than a year ago.

Corn shipments were 1,040,514 tonnes, down about 6% from the prior week.

Wheat exports totaled 316,515 tons, up 2% from the prior week.

Stay tuned…


Paul Ebeling

The post Chicago Agriculture Commodities Finished Mixed appeared first on Live Trading News.