Prices fell more than 1% on Tuesday amid a quickly advancing U.S. harvest, escalation in trade tensions with China
Soybean prices fell to a decade-low on Tuesday after data pointed to a quickly advancing U.S. harvest and as the Trump administration escalated trade tensions with the China, the largest destination for American exports of the legume.
A report at商业内幕says the legumes were trading at $8.12 a bushel, near the lowest level since 2008, on the Chicago Board of Trade after President Donald Trump announced another round of tariffs on $200 billion worth of Chinese imports.
Demand concerns come just after government data showed strong conditions for a record U.S. harvest.
US Corn Price Idx:ZCPAUS.CM
open: 7.0534
high: 7.0536
low: 7.0522
close: 7.0522
US Soybean Price Idx:ZSPAUS.CM
open: 15.3606
high: 15.3675
low: 15.3604
close: 15.3647
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 8.6183
high: 8.6227
low: 8.6183
close: 8.6218
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 7.8093
high: 7.8093
low: 7.8093
close: 7.8093
Copyright © 2022 WATT Global Media. Allmarket datais provided by Barchart Solutions. Futures: at least 10 minute delayed. Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please seedisclaimer.
