iNVEZZ.com Friday, June 28th: Most commodities struggled today, facing the end of the month and the end of the quarter, both periods associated with withdrawal of money from the markets. Agricultural traders, however, had a bigger concern over price swings today, ahead of the U.S. Department of Agriculture's (USDA) quarterly crop stocks report and data on U.S. sowings.
The USDA is set to update the soft commodities market on its estimates at 12 p.m. in Washington today. Prior to the release, grains on the Chicago Board of Trade (CBOT) were mixed, with corn declining for a seventh day, the longest losing streak since February, as warm weather and soil moisture boost the yield outlook in the U.S., the largest corn grower and exporter, even as acreage is expected to decline.
Start Trading in less than 60 seconds >> Oil, Gold, and Silver have never been so profitable as they are with 24option. "Invest today! http://www.plus500.com/Start-Trading-Commodities
"Futures are heading for a third straight quarterly loss, with the CBOT corn price for December delivery falling as much as 0.41 percent to $5.3625 a bushel at 14:00 GMT. The soybean price for delivery in November was little changed at $12.7675 a bushel in Chicago, while the wheat price for September delivery posted a marginal gain of 0.26 percent, standing at $6.7550 a bushel.
...