In today’s trading session, agricultural commodities and key indices saw varied movements:
Corn: September corn closed at $3.90 and 1/2 per bushel, marking a decrease of 11 and 1/2 cents.
Soybeans: August soybeans ended at $10.78 per bushel, down 27 cents.
Soybean Meal: August soybean meal closed at $333.80 per ton, a decrease of $5.00.
Soybean Oil: August soybean oil closed at 46.42 cents per pound, down 23 points.
Wheat: September wheat closed at $5.32 and 1/2 per bushel, down 18 and 1/4 cents.
Livestock: August live cattle closed at $182.12 per hundredweight, down 25 cents, while August feeder cattle rose slightly by 12 cents to close at $258.77.
Lean Hogs: August lean hogs closed at $88.42 per hundredweight, a minimal decline of 2 cents.
Dairy: August Class III milk settled unchanged at $19.69 per hundredweight.
Energy: August crude oil closed at $81.91 per barrel, down 30 cents.
Cotton: December cotton closed higher at 72.44 cents per pound, up 117 points.
Rice: September rice closed at $14.70 per hundredweight, showing a gain of 6 and 1/2 cents.
Precious Metals: August gold closed at $2,427.10 per ounce, up $6.40.
Meanwhile, the Dow Jones Industrial Average closed positively at 40,211.72, gaining 210.82 points.
Today’s market movements reflect a mixed sentiment across commodities, with notable gains in cotton and gold amid varied performance in agricultural products and energy. Investors and analysts continue to monitor global economic indicators and weather patterns impacting agricultural markets.
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