The course of the corn and wheat finished down Monday in Chicago, while soybeans remained fairly unchanged, which are weighted by a resurgence of tensions between the United States and China.
Beijing has agitated on Monday, the threat of a "counter-attack" following the announcement by Donald Trump on Friday a series of sanctions and restrictions aimed at chinese interests. They occur in a context of strong tensions on a bilateral basis, including around the territory's semi-autonomous Hong Kong.read also : hong Kong at the heart of tensions between Beijing and Washington
According to the agency Bloomberg, China has asked the public companies to put an end to their commands, soybean, cotton and pork americans. This decision could undermine the trade agreement partial signed by both parties in mid-January, by which Beijing has among other things pledged to boost its orders agricultural products from the United States.
"It may be a political move by Beijing to try to get the price down and be able to take advantage of lower price," says Brian Hoops of Midwest Market Solutions.
But the suspension of the orders of the chinese, if it is confirmed, "should only be temporary to the extent that China has sufficient reserves for the time being but will not be able to stay a long time without buying more products," adds the specialist. These developments give "the players in the market to be cautious".read also : Renaud Girard: "Trump has not yet lost!"
The first day of the month, "you need to see if the investors decide to put a little bit of money on the table", note also Steve Georgy of the brokerage Allendale.
"Usually at this time of the year, the attention is diverted assessments on the areas sown to the development of the plants, and we asssiste in general a progression of courses," he adds. "You need to see this year what will happen with China."
The wheat side in Chicago is for its part also pulled down by the hard red winter wheat rated in Kansas City from which the harvests have just begun.
bushel of corn (about 25 kg) for delivery in July, the most traded, ended Monday at 3,2400 dollars against 3,2575 dollars Friday (-0,54%).
a bushel of wheat for delivery in July, the most active, finished at 5,1550 dollars against 5,2075 dollars at the previous close (-1,01%).
a bushel of soybeans for delivery in July, the most traded, finished 8,4100 dollars against 8,4075 dollars the day before (+0,03%).No comment
there are currently no comments on this article.
Be the first to give your opinion !