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CBOT agricultural futures fluctuate, close mixed Chicago Board of Trade (CBOT) agricultural futures fluctuated and closed mixed in line with weather forecast in the past week, said Chicago-based research company AgResource. As CBOT will shift from being weather driven to being demand driven soon, AgResource maintains a bullish outlook for agricultural futures based on surging world demand, with record high freight rates being the testament of this demand. Meanwhile, world wheat, soybean and corn markets are at record low on exporter stock/use ratios, which should offer a similar demand-led bull market. CBOT corn futures ended lower amid late week selling and hope for a massive Central U.S. pattern change in August. But confidence is high that crop stress persists across the Plains and Northwest Midwest in the near term. ....
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