Arab Today, arab today chicago grain drops with other commodities markets dollar surges
Last Updated : GMT 19:46:39
Arab Today, arab today
Arab Today, arab today

Chicago grain drops with other commodities markets, dollar surges

Arab Today, arab today

Arab Today, arab today Chicago grain drops with other commodities markets, dollar surges

Chicago - Xinhua

Chicago grain futures retreated on Monday, as a sharply stronger U.S. dollar and mounting concerns over potential bankruptcy of a major global financial derivatives broker both helped add to the long liquidation selling trend. The most active corn contract for December delivery trimmed 8 cents, or 1.2 percent, to close at 6.47 U.S. dollars per bushel. December wheat dropped 16.25 cent, or 2.5 percent, to 6.2825 dollars per bushel. January soybean dropped 8.75 cents, or 0.7 to close at 12.1725 dollars per bushel. MF Global Holdings, a futures broker, filed for Chapter 11 bankruptcy protection on Monday, triggering caution across the commodity markets. Bad investments linked to the European Union\'s financial crisis are being cited as the cause. The MF Global news reflects just how much the European Union\'s financial fragility is affecting the overall economy of the world, said Mike Daly, a market analyst with PFGbest here in Chicago. Market participants pointed out that volume was light in the commodities market, as investors appeared to be reluctant to jump in to the latest fire, after The CME Group has limited MF Global trading to liquidation only. Meanwhile, U.S. dollar leaped Monday morning after the Bank of Japan sold an undisclosed amount of yen in the foreign exchange market overnight, in order to drag the yen down from a post-World War II high against the dollar. The grain market also suffered the pressure, as a stronger dollar makes U.S. grain export less competitive in the international market. Besides, U.S. grain export also faces fierce competition from South America, as the nice weather for planting season in South America plus surge in supply of exportable surplus corn from the Black Sea region have made traders concerned with export demand for U.S grain. \"We have a forecast of the rains for Argentina within next 14 days, relieving any dryness down there, so that was a major bearish factor in the market. Overall the demand trends continue to be lackluster,\" said Mario Balletto, a grain analyst for CitiGroup Global Markets Inc. in Chicago.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chicago grain drops with other commodities markets dollar surges Arab Today, arab today chicago grain drops with other commodities markets dollar surges

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today chicago grain drops with other commodities markets dollar surges Arab Today, arab today chicago grain drops with other commodities markets dollar surges

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Lufthansa chief eyes up to 78

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Rouhani at UN defends Iran nuclear deal

GMT 09:41 2017 Thursday ,21 September

Rouhani at UN defends Iran nuclear deal
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today China lifts 10-year travel ban

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Intel chips loaded in Waymo

GMT 14:43 2017 Wednesday ,20 September

Intel chips loaded in Waymo
Arab Today, arab today Five trends at the Frankfurt auto show

GMT 12:04 2017 Monday ,18 September

Five trends at the Frankfurt auto show
Arab Today, arab today Actress Ream Hhagag prepares for a new film

GMT 09:40 2017 Tuesday ,19 September

Actress Ream Hhagag prepares for a new film
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 12:14 2017 Monday ,18 September

Horia Farghaly happy for success of “Case G”

GMT 10:35 2017 Thursday ,14 September

New Zealand opposition looks

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 04:49 2017 Wednesday ,20 September

WHO urges Yemen to accept vaccines

GMT 16:04 2017 Tuesday ,19 September

Egypt tourism revival steady but slow

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday