[ad_1]
SYDNEY, July 11 (Reuters) - Soybean prices in the United States have fallen 1 percent Wednesday that the trade war between the United States and China has increased with the planned introduction of new tariffs by Washington. FOUNDATIONS * The most active soybean futures on the Chicago Board of Trade fell 1% to $ 8.63 / 1 a bushel from here 0036 GMT, having closed little changed at the previous session. * Most active maize futures prices fell 0.7% at $ 3.58-1 / $ 4 a bushel, after completing the last session down 1.7 percent. * The most active wheat futures fell from $ 0.6 to $ 4.89 a bushel, near their lowest price of $ 4.86-1 / 4 a bushel. Corn closed 3.1 percent Tuesday. * The Trump administration has raised the stakes of its trade the war with China Tuesday, saying that he was going to slap 10 percent customs duties on an additional value of 200 billion dollars of Chinese imports. * The US Department of Agriculture has reduced its harvest corn and soybean status badessments only last week The odds for both cultures remain close to the historical ups. [nEMNI740T7 * Cooler and wetter weather is expected within six to ten days perspective. Much of the Midwest corn crop will pollinate the next few weeks, a time when stressful time can limit yield potential. * Spring wheat logs under the USDA's weekly harvest conditions report were above market expectations, fueling expectations the agency could increase its forecast of wheat production in the United States in a monthly report later this week. MARKET NEWS * The euro has had an unusually calm start in Asia Monday, after posting its worst weekly performance in three months, as investors expect more developments and valuations downgrades from Europe. * Oil fell slightly on Friday, posting a second consecutive weekly loss as a warning on Europe's debt crisis and end-of-year positioning continued to spur sales in gatherings. * A rally in US stocks fizzled, leaving the main clues with modest gains Friday, while Wall Street was torn between hope that the US economic data signal better times and fear The European debt crisis will engulf the world's economies. Cereal prices at 0036 GMT Contract Last change Pct chg Two days chg MA 30 RSI Wheat CBOT 489.00 -3.00 -0.61% -3.74% 511.25 45 CBOT corn 358.25 -2.50 -0.69% -2.38% 383.23 34 CBOT Soy 863.25 -8.25 -0.95% -1.00% 935.76 37 CBOT Rice 11.82 - 0.07 $ -0.59% -2.39% 11.72 $ 42 Gross WTI 73.84 - 0.27 $ -0.36% -0.01% 68.86 67 Currencies Euro / dlr $ 1.173 - $ 0.001 -0.10% -0.16% USD / AUD 0.7442 -0.004 -0.48% -0.59% The most active contracts Wheat, corn and soybeans US cents / bushel. Rice: USD per quintal RSI 14, exponential (Report by Colin Packham Edited by Joseph Radford)
Source link
