U.S. forecasts strong demand for China's wheat imports
来源:Reuters
Chicago corn, wheat and soybean futures fell on Wednesday, giving up some gains from earlier this week, after monthlyUSDA forecastsfailed to provide clear direction, reportsReuters.
Traders were continuing to monitor weather in South America, where corn and soybean harvests are eagerly anticipated to help replenish declining U.S. stocks, while also looking for further clues on Chinese demand and U.S. spring planting.
The USDA's world crop report provided some initial support for the wheat market by reducing its forecast of global stocks, notably due to increased feed demand in China.
cmdty National Corn Price Idx:ZCPAUS.CM
open: 6.2232
high: 6.2304
low: 6.1846
close: 6.2168
cmdty National Soybean Price Idx:ZSPAUS.CM
open: 13.4661
high: 13.5136
low: 13.3296
close: 13.3868
cmdty National Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 7.071
high: 7.1132
low: 7.0185
close: 7.0895
cmdty National Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 6.9525
high: 6.9726
low: 6.89
close: 6.9398
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