Traders are awaiting beta testing data

There remained mild declines in the commodity markets in America and Europe. Last week in Chicago, wheat was 0.9 percent cheaper, corn was 0.7 percent cheaper, and rapeseed was 1.6 percent cheaper, although soybeans increased by 0.4 percent. In Europe, milling wheat was 0.9 percent cheaper, corn was 2.2 percent cheaper, rapeseed was 2.8 percent cheaper, and feed wheat was 0.6 percent cheaper than a week ago. The soybean futures price also followed the decline in cereals. The futures prices showed little movement, as traders were paralyzed between the non-existent data of the current harvest and the uncertainty of the US-China trade negotiations. "Without China, there is no compelling reason for a rally, without farmers selling, there is no compelling reason for a breakout," said Charlie Sernatinger, a Marex employee. The government shutdown continues to limit the data available to traders. The typical United States Department of Agriculture (USDA) reports are not being released, ...