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Chicago Agriculture Commodities Finished Higher – Live Trading News

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Chicago Agriculture Commodities Finished Higher

$SOYB, $CORN, $WEAT

Chicago Board of Trade (CBOT) agriculture commodities traded mixed Tuesday morning, with Soybean futures rising, as the trade tensions between China and the United States showed signs of softening.

CBOT brokers estimate that funds Tuesday sold 6,500 contracts of Soybean, bought 2,000 contracts of Chicago Wheat and 1,500 contracts of Corn.

July Corn was 5.75c higher at 4.2205 bu  at the close

July Wheat was 2.25c higher at 4.935 bu,

July Soybean was up 1.5c at 10.1875 bu.

Export inspections of the US Oil seeds for overseas delivery rose to 688,195 tonnes in the week that ended on 10 May, the US Department of Agriculture (USDA) said in a report. That’s up from 535,210 tonnes a week earlier and 285,013 tonnes during the same week in Y 2017.

Stay tuned…

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Paul Ebeling

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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