Chicago Agriculture Commodities Finished Lower Across The Board
$CORN, $SOYB, $WEAT
Chicago Board of Trade (CBOT) Corn and Soybean finished lower Tuesday as harvest is underway in Key production areas, while Wheat retreated from profit-taking after Monday’s sharp rally.
The most active Corn contract for Dec delivery fell 4 cents, or 1.04%, to settle at 3.805 bu.
Dec Wheat delivery lost 1.25 cents, or 0.25%, to close at 4.955 bu.
Nov Soybean was lower 12.5 cents, or 1.43%, to close at 8.6175 bu.
The US Corn harvested was 10% to the week of 20 September, up 5% from the prior week, with 68% of the Corn rated as good to excellent, which was unchanged from the previous week, according to a report released by the United States Department of Agriculture after the market closed Monday.
The same agriculture report said that Soybean harvested was 7%, with 63% of the Soybean rated as good to excellent, which was 2% up from the previous week.
Some agriculture analysts said that Wheat was pressured a little lower by profit taking Tuesday after its sharp rally of more than 2% Monday.
Stay tuned…
HeffX-LTN
Paul Ebeling
The post Chicago Agriculture Commodities Finished Lower Across The Board appeared first on Live Trading News.