Corn closes lower, pulls back from 14-month peak
Economies.com
2020-10-28 20:47PM UTC
Corn prices fell on Wednesday, on profit-taking from the 14-month high of $4.22/bushel that was reached on Tuesday.
Corn and soybean futures yesterday were lifted by strong Chinese demand for US farm goods.
Investors are anticipating further Chinese data to determine the amount of Beijing's purchases of US soybean and corn.
The dollar index rose against a basket of currencies by 0.5% to 93.4 points as of 21:32 GMT, after it hit a high of 93.6 and a low of 93.05.
Corn December futures fell 3.4% to $4.01 per bushel, after hitting a high of $4.15 and a low of $4.
Commodities News
Commodities
Oil prices reverse lower, with US crude slumping 7% this week
2024-05-03 19:36PM UTC
Oil prices fell on Friday to seven-week lows amid concerns about oversupplies after an unexpected ...
Commodities
Gold under pressure ahead of US jobs data
2024-05-03 08:37AM UTC
Gold prices fell in European trade on Friday, extending losses for the second straight session and ...
Commodities
Gold gains ground as dollar dips while traders digest Fed's decisions
2024-05-02 18:30PM UTC
Gold prices rose on Thursday as the dollar fell against most major rivals, while investors digest ...
Commodities Technical Analysis
Commodities
Brent oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Brent oil price shows new negative trades now in attempt to resume the correctional bearish trend, ...
Commodities
Crude oil price forecast update 03-05-2024
2024-05-03 13:54PM UTC
Crude oil price resumes its negative trading to move away from 79.60$ level, reinforcing the ...
Commodities
Silver price forecast update 03-05-2024
2024-05-03 13:53PM UTC
Silver price declines again to reach our waited target at 26.00$, waiting to break this level to ...