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Grain Prices Surge on US-China Truce

Summary:
Grains demonstrated big gains today thanks to the news about truce in the trade war between the United States and China. Soybean demonstrated biggest gains as China is the major importer of the US crop. But experts voiced concerns that the best window of opportunity for US exports has passed as Brazil’s harvest nears, and China buys soy from Brazil as well. Contract for delivery of soybean in January gained 1.23% to .0575 per bushel as of 20:21 GMT on CBoT today. March contract for delivery of corn advanced 1.13% to .82 per bushel. Wheat added 1.07% to its value, trading at .2125 per bushel. If you have any questions and comments on commodities today, use the form below to reply. © Commodity Inspector for Commodity Blog, 2018. | Permalink | No comment | Add to del.icio.us

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Grains demonstrated big gains today thanks to the news about truce in the trade war between the United States and China. Soybean demonstrated biggest gains as China is the major importer of the US crop. But experts voiced concerns that the best window of opportunity for US exports has passed as Brazil’s harvest nears, and China buys soy from Brazil as well.

Contract for delivery of soybean in January gained 1.23% to $9.0575 per bushel as of 20:21 GMT on CBoT today. March contract for delivery of corn advanced 1.13% to $3.82 per bushel. Wheat added 1.07% to its value, trading at $5.2125 per bushel.

If you have any questions and comments on commodities today, use the form below to reply.


Commodity Blog, 2018. | Permalink | No comment | Add to

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Vladimir Vyun
Vladimir is an online journalist with background in computer science and work experience in pension funds. He contributes news reports, fundamental analysis and sentiment forecasts to TopForexNews.com and CommodityBlog.com. His main specialization is the currencies of emerging economies and inter-market correlations with commodity and bond trading.

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