Agriculture Commodities ended Thursday’s session in the green territory boosted by the delayed planting and dryer weather.
Regarding weather news, the weather is expected to be above than average in large portion of Plains and western Corn Belt during the beginning of next month.
Oil prices fell on Thursday to end the session lower, pressured by technical selling as it hits its highest price in four months on Wednesday’s session.
U.S. Crude oil fell on Thursday to end the session in the red as it closed lower at $59.86 per barrel while Brent oil dropped to trade at $67.68 a barrel.
On Friday, U.S. crude oil remained flat to trade at $59.85 a barrel while Brent oil fell to trade at 67.65 a barrel at 08:30 GMT.
CBOT Wheat May futures ended Thursday’s trading session higher due to delayed planting. Wheat futures settled yesterday at 4.6-1/4 USD per bushel at the close, and currently trading higher at 4.68-3/4 USD a bushel at 08:30 GMT.
Wheat export totaling 16.1 million bushels last week; 11.0 million in old crop and 5.1 million in new crop sales.
Wheat export shipments met USDA’s expectations as it reached 13.2 million bushels.
According to Reuters, Saudi Arabia issued an international tender to purchase 33 million bushels of feed barley, with a deadline for March 22. The grain is for arrival in May or June.
CBOT Corn May futures ended Thursday’s session higher at 3.76 USD per bushel due to dryer weather expectations Corn futures’ rose on today’s session to trade at 378.25 USD per bushel at 08:30 GMT.
Corn export totaling 36.1 million bushels last week; 33.7 million in old crop and 2.4 million in new crop sales.
Corn export shipments met USDA’s expectations as it reached 30.1 million bushels.
Punto de pivote: 374.67
CBOT Wheat May futures ended Monday’s trading session in the green at $4.69-1/4 per bushel, and it continued its gains on Tuesday to trade at $4.74 a bushel.
Wheat export inception totaled 12.5 million bushels last week; lower than the previous week by 1.7 million bushels. While, Wheat export shipments met USDA’s expectations as it reached 13.2 million bushels.
According to Reuters, Saudi Arabia purchased 33.5 million bushels of fodder barley from a variety of origins, including the EU, Australia, North America, and South America, for shipment in May and June.
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