Corn prices continue to fall for 7th straight session

2019-11-08 16:30:28 GMT (Economies.com)
Corn prices continue to fall for 7th straight session

Corn prices tallied the seventh straight drop during today's trading hours, due to the rise of the US crop supplies and weak exports orders ahead of the USDA harvest forecast.

 

The US Department of Agriculture will release today its Weather and Crop Bulletin, which covers maize, soybeans and other crops as well as wheat planting dates affected by weather in Australia and Argentina.

 

The global markets are also currently anticipating the US-China trade talks outcome, as investors are eagerly awaiting details about the potential trade deal, which will lead to Beijing buying more US agriculture products.

 

Several news agencies also reported that Washington and Beijing are moving forward to the gradual removal of tariffs on each other's goods.

 

Moreover, the first phase of the trade deal will likely be signed within the next few weeks.

 

Corn prices fell by 0.3% to $374 per bushel as of 14:29 GMT, with a session high of $375.7 and a low of $373.7.

 
 
 
  Symbol Last Change Chg.%
1.1053
0.0028
0.2585%
1.2901
0.0100
0.7847%
Tadawul
7924.19
-8.33
0.10%
16.950
0.147
0.878%
57.847
0.488
0.852%
63.36
1.07
1.72%
1466.920
8.640
0.593%
 
 
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