国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

Trade tensions weigh on U.S. soybeans as corn rises over weather damage

Source: Xinhua| 2019-08-06 05:52:39|Editor: Mu Xuequan
Video PlayerClose

CHICAGO, Aug. 5 (Xinhua) -- Chicago Board of Trade (CBOT) soybean futures managed to settle in positive territory on Monday following a choppy session amid rising U.S.-China trade tensions.

Meanwhile, concerns that unfavorable weather conditions have affected corn crops boosted the grain futures.

The most active corn contract for December delivery was up 5.25 cents, or 1.28 percent to 4.1475 U.S. dollars per bushel. September wheat was up 3.75 cents, or 0.76 percent to 4.945 dollars per bushel. November soybeans were up 0.25 cent, or 0.03 percent to 8.6875 dollars per bushel.

China's Ministry of Commerce said on Monday that related Chinese companies have halted purchases of U.S. farm produce. The move came after the U.S. plan to impose additional 10-percent tariffs on 300 billion U.S. dollars worth of Chinese imports, which seriously violated the consensus reached by the two heads of state in Osaka, Japan.

The news pressured CBOT soybean futures, which opened sharply lower on Monday. However, bargain buying helped recover the losses, said market watchers.

Unfavorable weather conditions, especially flooding in the spring, have led to the late planting of U.S. corn. Worries about corn condition supported its prices, said market analysts.

The latest crop progress report released on Monday afternoon confirmed that 57 percent of U.S. corn was rated as good or excellent as of Aug. 4, one percentage point lower than the previous week, and much lower than last year's 71 percent.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011105091382862131
主站蜘蛛池模板: 上思县| 栖霞市| 绍兴县| 滦平县| 郴州市| 梁平县| 新泰市| 新宾| 德昌县| 灵璧县| 区。| 胶南市| 班戈县| 巴林右旗| 谷城县| 同德县| 揭阳市| 绥德县| 搜索| 广宁县| 乐山市| 嘉义县| 乌苏市| 台北县| 宜黄县| 上犹县| 南昌市| 上栗县| 玉龙| 江孜县| 益阳市| 福清市| 建德市| 肃南| 平邑县| 田东县| 龙岩市| 略阳县| 宁德市| 连城县| 墨江|