Corn settles higher as dollar loses ground

Economies.com
2019-01-14 21:21PM UTC

Corn futures tilted higher in American trade as the dollar index gave up ground, amid a lack of data on Monday from the US, the world's largest corn producer and exporter, while a government shutdown entered its fourth week. 

 

As of 08:58 GMT, corn futures due in March rose 0.07% to $3.7850, while the dollar index slipped 0.06% to 95.61. 

 

US President Donald Trump touted China's desire to continue trade talks, expressing confidence in his administration's ability to reach a suitable trade deal. 

 

US treasury secretary Steven Mnuchin said on Friday he expects Chinese Deputy Prime Minister to carry on US-China trade talks by the end of the month, noting how the talks will take in consideration an extension to the deadline of tariffs. 

 

China's trade ministry stated that Beijing and Washington will carry on talks that started last week, describing them as detailed and in-depth regarding some hanging issues, with investors moving their gaze towards the Brexit vote in the UK Parliament. 

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