US: Recession fears pushed back the price of wheat
대두
옥수수
소맥
미국
게시됨 2022년 9월 24일
Tridge 요약
In America, there were more minuses, while in Europe more pluses were visible on the crop markets on Friday. In Chicago, wheat became cheaper by 3.7 percent, corn by 1.9 percent, and soybeans by 2.1 percent, while the rate of canola rose by 2.2 percent. In Europe, the trading of mill wheat brought a price decrease, while the trading of corn, canola and fodder wheat brought an increase.
원본 콘텐츠
U.S. wheat futures fell about 3% on Friday, joining a broad sell-off in commodities and equity markets linked to fears of an economic downturn that could dampen demand. Corn and soybean futures also joined the weakening trend, driven by recession fears and an expanding US harvest. Forecasts call for mostly dry weather in the Midwest for the next two weeks as work accelerates. Wall Street stocks tumbled, U.S. crude futures fell nearly 6% and the dollar hit a 22-year high, making U.S. grains less competitive globally. "Everything is interpreted through the lens of a global recession, which negatively affects demand for commodities, which leads to selling ahead of the weekend," Arlan Suderman, StoneX's chief commodity economist, wrote in a client note. Favorable weather prospects in the Midwest further dampened sentiment, despite the US Department of Agriculture (USDA) forecasting smaller corn and soybean crops than a year ago. In the heart of the US corn belt, the real harvest is ...