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Chicago: wheat and soybeans affected by the renewed tensions, the sino-u.s.

The price of wheat and soybeans traded in Chicago fell on Friday, weakened by the escalation of tensions between Washington and Beijing. The corn is almost unch

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Chicago: wheat and soybeans affected by the renewed tensions, the sino-u.s.

The price of wheat and soybeans traded in Chicago fell on Friday, weakened by the escalation of tensions between Washington and Beijing. The corn is almost unchanged.

read also : François d Orcival: "When China shakes the world"

The tone is turned up a notch between the United States and China, while Beijing wants to vote a law on "national security" to fight the perpetrators of violence, anti-chinese in Hong Kong and "foreign interference". The United States were accused on Friday, the China of wanting to wear a "fatal blow" to the autonomy of the former british colony, threatening Beijing of trade retaliation.

investors fear that these tensions will undermine the preliminary agreement signed between the two powers in January, according to which China must dramatically increase its purchases of us agricultural products over the next two years. "Reports have indicated that China had the intention to continue to abide by the terms of the agreement of phase a, but the market seems to still be worried," says Michaela White of CHS Hedging.

downpours have weighed on the price of wheat

The price of us agricultural products, particularly soybeans, are strongly dependent on the level of orders in china. In addition, the showers provided in many cereal-growing regions in the United States have weighed on the price of wheat. "This should be a welcome relief" for the development of the seedlings, " says Steve Georgy of the brokerage Allendale.

corn, for its part, changed little at the end of a session particularly quiet. Like other financial markets, the u.s., the agricultural market is preparing for a pause of three days, Monday is a public holiday in the United States. The exchanges will resume on the night of Monday to Tuesday.

bushel of corn (about 25 kg) for delivery in July, the most traded, ended Friday at 3,1800 dollars against 3,1775 dollars at the previous close (+0,08%). A bushel of wheat for delivery in July, the most active, finished at 5,0875 dollars against 5,1600 dollars Thursday (-1,41%). A bushel of soybeans for delivery in July, the most traded, finished 8,3325 dollars against 8,3500 dollars the day before at the closing (-0,21%).

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