Corn held by ethanol data

Agricultural Commodities prices were mixed on Friday, as supportive weekly ethanol data boosts corn, also traders are seeking Commitment-of-Traders data will be released Monday afternoon.

In weather space, Midday weather forecasts were similar to this morning’s discussions. South American conditions are largely favorable, but we have developing dryness in Brazil impacting early corn and will need to be watched closely next week.

Wheat خلال اليوم

Wheat:

CBOT Wheat March futures rose on Friday on a round of technical selling and finished at 5.5575 USD per bushel. Prices were higher on today’s session and are currently at 5.5775 USD per bushel at 06:25 GMT.

Furthermore, Wheat will struggle to build much upside momentum above this week’s highs, at least not without some help from USDA, or spillover support from bullish corn/soy markets, according to analysts.

Corn خلال اليوم

Corn:

CBOT Corn March futures boosted on Friday supported by weekly ethanol data was supportive and that has been the general theme for weeks to close at 3.90 USD per bushel. Corn futures prices declined in today’s session and traded at 3.89 USD at 06:25 GMT.

In the United States, The U.S. dollar was weak on Friday that began to gain traction when the U.S. and China presented Phase One. The weaker U.S. dollar can impact investor decisions in the months ahead and should provide an encouraging backdrop to U.S. agricultural commodities.

Soybean خلال اليوم

Soybean:

CBOT Soybean January futures prices fell on Friday, along with rolling of positions out of the January contracts all weighed on price tone. Soybean futures finished Friday’s session at 9.4150 USD per bushel.

In America, South American conditions are generally favorable, but there are some locations in both Brazil and Paraguay that will have enough days without rain that they don’t want to miss the next wave of moisture in their longer-term forecasts. It’s early there and we may see some weather plays yet on South American weather.

لا يقصد من المعلومات الواردة في هذا المنشور عرضا او دعوة لشراء أو بيع لأي أداة مالية وأي رأي منشور هنا يعكس أفكار موقع Gotinsiders.com فقط ويمكن أن تتغير في أي وقت. يقر ويوافق المستخدمين على أن يكون هناك درجة من عدم التأكد بسبب طبيعة أي استثمار للأسهم او البضاعة أو أي شيء مماثل وبالتالي, سيتحمل المستخدم وحده كامل المسؤوليات القانونية حيث يوجد احتمالية مخاطرة عند حصول اي استثمار.