Trending: Oil | Gold | BITCOIN | EUR/USD | GBP/USD

Corn ends lower on strong dollar

Economies.com
2020-09-23 20:07 UTC

Corn prices fell on Wednesday, as the US dollar continued to rally against its major peers, which comes after the stability of agricultural commodities in the Chicago Merch yesterday.

 

The US Department of Agriculture reported on Monday that US farmers had finished harvesting 6% of soybean crops and 8% of corn crops.

 

The USDA confirmed that the US sold 266,000 tonnes of soybean to China, and 264,000 to other undisclosed parties, and confirmed that the US sales of corn to China and other countries are continuing.

 

The dollar index rose against a basket of currencies by 0.3% to 94.2 points as of 20:56 GMT, after it hit a high of 94.3 and a low of 93.9.

 

Corn December futures fell 0.2% to close at $3.68 a bushel, after hitting today's high at $3.70 and the low at $3.65.

Was this useful?

Thanks for your feedback.

Dow Jones deepens losses, closes over 500 points lower

Economies.com
2020-09-23 20:23 UTC

US stock indices fell on Wednesday, to extend losses due to huge sell-off in the tech sector, and lingering uncertainty about the coronavirus crisis and its economic impact.

More

Sterling steadies despite disappointing economic data

Economies.com
2020-09-23 18:56 UTC

The British pound held steadily on Wednesday, despite the release of disappointing economic data and fears about the coronavirus crisis.

More

Dollar rises, puts pressure on metals and commodities

Economies.com
2020-09-23 18:34 UTC

The US dollar rose against most of its peers on Wednesday, which put pressure on prices of dollar-denominated commodities and metals, following Fed Chair Jerome Powell's statements and positive economic data.

More