Chicago Agriculture Commodities Finished Lower

$SOY, $WEAT, $CORN

Chicago Board of Trade (CBOT) agriculture commodities finished lower Tuesday, with soybean futures falling for the 2nd straight session, mostly on US-China trade frictions, improved weather conditions in the US Midwest.

The most active Corn contract for December delivery went down 6.25c, or 1.7R to close at 3.60 bu.

September Wheat delivery fell 16c, or 3.15% to close at 4.92 bu.

November Soybean delivery was 0.5c lower, or 0.06% to close at 8.715 bu.

Investors are worried about the impact of trade frictions between the world’s Top 2 economies after the United States began imposing a 25% additional tariff on Chinese products worth $34-B Friday.

Accordingly, China canceled purchases of US Soybeans for delivery in MYs 2017-2018 and 2018-2019, the US Department of Agriculture (USDA) said in a report Friday.

CBOT Corn futures fell to contract lows on forecasts for crop-boosting rain and milder temperatures in the heart of the US Corn belt.

Wheat futures tumbled more than 3% on dull export demand and improving Spring Wheat crop conditions.

The US Department of Agriculture’s weekly crop progress report released on Monday showed that 75% of the US Corn crop is rated good or excellent, 71% of the US Soybean is rated good or excellent with 80% of the US Spring wheat is rated good or excellent.

Stay tuned…

  #active, #agriculture, #California, #consumers, #Corn, #delivery, #farmers, #global, #market, #Ross, #SOY, #supplies, #tariffs, #trade, #WEAT

The following two tabs change content below.

• Bio
• Latest Posts

HEFFX

HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX (see all)

• Xiaomi Follows Huawei Onto The USA Blacklist - January 15, 2021
• BlackBerry Huawei Patent Deal - January 15, 2021
• Data Protection Regulators in any European Country can Bring Privacy Complaints Against Facebook - January 15, 2021