USA: the exchange rate of corn was also at a three-year low

Published 2024년 1월 18일

Tridge summary

In Wednesday's crop market trading, there was a higher number of sellers in America and a higher number of buyers in Europe. Wheat, corn, and soybeans became cheaper in Chicago, while canola rose slightly. Corn futures were almost unchanged, soybean futures fell near a two-year low, and wheat remained close to a seven-week low. The strengthening US dollar and risk-free trading mentality, along with increased rains in South American growing areas and reduced forecasts for Brazil's crop, have all impacted the agricultural markets.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In America, a preponderance of sellers, while in Europe, a preponderance of buyers could be seen during Wednesday's crop market trading. In Chicago, wheat became cheaper by 0.1 percent, corn by 0.2 percent, and soybeans by 1.7 percent, while canola rose by 0.2 percent. In Europe, mill wheat and rapeseed became more expensive, corn became cheaper, and the price of fodder wheat stagnated. Chicago corn futures were almost unchanged on Wednesday after expectations of an increase in global supply pushed the price to a three-year low during the day. Soybean futures fell near a two-year low, while wheat was almost unchanged and remained close to Tuesday's seven-week low. Corn remained under pressure after the U.S. government raised its U.S. yield estimate to a record high on Friday and said quarterly data rose 13 percent in December from a year earlier. According to Matt Wiegand, a broker at the commodity exchange company FuturesOne, the strengthening of the US dollar and the risk-free ...
Source: AgroForum

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