Focus of ag market this week will be on expectations for USDA’s next round of reports
Speculators’ optimism in Chicago-traded grains and oilseeds built further in the week ended June 18 as the U.S. corn and soybean crops are off to their latest-ever start, creating high uncertainty over production possibilities, reportsReuters.
But the market took a breather last week as CBOT corn futures hit a five-year high and traders weighed changes to U.S. weather forecasts, trying to figure out what they mean for the unprecedented growing season.
The focus of the agriculture market this week will be on expectations for the U.S. Department of Agriculture’s next round of reports that will be published on Friday.
Read the full reporthere.
US Corn Price Idx:ZCPAUS.CM
open: 7.1488
high: 7.3886
low: 7.0173
close: 7.0525
US Soybean Price Idx:ZSPAUS.CM
open: 15.7324
high: 16.5525
low: 15.3323
close: 15.3637
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 9.0002
高:9.0773
low: 8.5501
close: 8.6212
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 8.1033
high: 8.308
low: 7.749
close: 7.8078
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