Corn continues to rise for third straight session
Corn prices rose today, to continue advancing for the third straight session, on slow harvest season in the US, while the markets are anticipating a new round of trade talks.
Soybean drew support from China increasing purchases amid concerns further delays to plantings in Brazil, which is the world's biggest soy exporter.
The US Department of Agriculture (USDA) said that 15% of the maize crop had been harvested, lower than forecasts of 27%.
The USDA also added that 56% of the corn crop is in good to excellent condition, which is also lower than the market forecasts.
A new round of the US-China trade talks will launch on Thursday in Washington, in attempts to end the ongoing raging trade war between the world's two largest economies.
The markets anticipatie from this round insight on China's intention about the purchasing of US agricultural products.
On the Chicago Board of Trade, the most active corn futures rose by 0.2% to $296.5 a bushel as of 14:14 GMT, with an intraday high of $397.2 and a low of $393.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0850
|
0.0011
|
0.1006%
|
|
|
|
|
1.2958
|
-0.0090
|
0.6878%
|
|
|
|
Tadawul
|
7982.95
|
-24.44
|
0.31%
|
|
|
|
|
18.493
|
0.740
|
4.168%
|
|
|
|
|
53.333
|
1.131
|
2.168%
|
|
|
|
|
58.37
|
-0.94
|
1.58%
|
|
|
|
|
1643.645
|
58.945
|
3.720%
|
|
