Bloomberg Grains Subindex Total Return tumbled to the lowest since 1977
Soybean and corn futures slumped after tweets from President Trump that threaten an escalation of the U.S.-China trade war, reportsBloomberg.
TheBloombergGrains Subindex Total Return tumbled to the lowest since 1977. The prospect of an end to the crippling tariffs that Beijing imposed on U.S. soy, corn and wheat exports was one of the few positives for American agriculture markets.
“A single Trump tweet erases any optimism of a trade deal this week,” Jacob Christy, a trader at The Andersons Inc., said in avideoposted online.
US Corn Price Idx:ZCPAUS.CM
open: 7.2027
high: 7.2141
low: 7.1152
close: 7.2109
US Soybean Price Idx:ZSPAUS.CM
open: 16.4168
high: 16.4378
low: 16.3004
close: 16.4004
US Hard Red Winter Wheat Price Idx:KEPAUS.CM
open: 10.6414
high: 10.6414
low: 10.2778
close: 10.3835
US Soft Red Winter Wheat Price Idx:ZWPAUS.CM
open: 10.5512
high: 10.5662
低:10.0624
close: 10.2759
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