Chicago Agriculture Commodities Finished Mixed Monday
$CORN, $WEAT, $SOYB
Chicago Board of Trade (CBOT) Corn unchanged Monday, Wheat retreated a little, while Soybean extended gains.
The most active Corn contract for July Unchanged at 3.9175 bu.
July Wheat delivery declined 0.75 cents, or 0.15%, to close at 4.8775 bu.
July Soybean advanced 14.00 cents, or 1.36%, to close at 10.4375 bu.
Agriculture analysts said that Soybean advanced Monday on sharp gains of Soybean meal, while weaker USD also helped USD-dominated Soybean.
Additionally, technical buying boosted Soybean higher Monday.
CBOT floor brokers estimated that funds have bought 2,400 Soybean and 4,900 contracts of Soybean meal, a Chicago-based agriculture consultancy, reported Monday in its mid-day commentary.
Wheat retreated a bit Monday and analysts noted that beneficial rain in the coming days in US Midwest has boosted growing optimism of Winter Wheat there.
Stay tuned…
Paul Ebeling
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