Mixed Results in Commodities: Corn, Soybeans, Wheat, and Oil

Good morning! Todays market update shows mixed results on the Chicago Board of Trade. Corn futures declined, with the March twenty-six contract closing at $515.50. Soybean futures also dropped, ending the day at $444.25, with estimated sales of 45,613 contracts, a notable decrease from Thursday. Wheat remained relatively flat, with the March twenty-six contract closing at $297. Soybean meal futures saw gains, with the March twenty-six contract closing at $1,062.50, but open interest was down by 7,567 contracts. Soybean oil futures presented a mixed picture, with the January twenty-six contract closing at $48.09 and estimated sales of 49,458 contracts, a significant drop from Thursday.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.