Agricultural Commodities prices ended Tuesday’s session in red. Wheat finished the session lower by 2 percent, while corn and soybean contracts fell as uncertainty prevailed over the U.S.-China trade deal.
In weather news, the central U.S. will witness some higher than average temperatures through the weekend into
According to NOAA’s December outlook, above-normal temperatures are probable for much of the country.
In the Energy Space, Oil prices ended Tuesday’s session higher,
U.S. (WTI) futures were at 56.29 USD per barrel and currently trading at 56.86 at 10:00 GMT.
International Brent futures were at 60.98 USD per barrel and currently trading at 61,79 at 10:00 GMT.
CBOT Wheat March futures were significantly lower on Tuesday’s session, falling as much as 2 percent to close at 5.25-1/4 USD per bushel. Pressured by a round of profit-taking and sluggish domestic exports and firm demand from overseas competitors Prices are higher on today’s session and currently trading at 5.27-3/4 USD per bushel at 10:00 GMT.
Preliminary volume estimates came at 130,451 CBOT contracts, 20 percent higher than Monday’s final count of 108,698.
CBOT Corn March futures prices fell on Tuesday pressured spillover weakness from wheat. To close at 3.81-1/4 USD per bushel, and currently trading at a matching price 3.67-1/4 USD per bushel at 10:00 GMT.
Corn harvest saw some progress this past week with completion moving from 84 percent last week to 89 percent as of December 1. in line with analyst expectation and moderately behind the five-year average of 98 percent.
Preliminary volume estimates came at 214,414 contracts, slightly below Monday’s final count of 232,657.
CBOT Soybean January futures prices finished the session lower for the ninth consecutive session to settle at 8.71 USD per bushel after President Donald Trump said the ongoing trade war with China could drag on for another year. Soybean futures are currently trading now at 8.77at 10:00 GMT.
Soybean harvest rose from 94 percent last week to 96 percent, slightly below analysts’ expectations of 97 percent.
Preliminary volume estimates came at 201,704 contracts, falling moderately below Monday’s final count of 243,260.
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