Chicago grains steady as U.S. election verdict awaited
Updates at 1227 GMT, changes dateline
PARIS/CANBERRA, Nov 5 (Reuters) -Chicago wheat, corn and soybean futures edged higher on Tuesday as investors braced for the outcome of the U.S. presidential election while also looking ahead to a U.S. interest rate decision and crop forecasts later this week.
A weaker dollar .DXY and a recent run of export sales for U.S. corn and soybeans were underpinning the market, though bumper U.S. corn and soybean harvests and improving conditions in dry winter wheat belts kept a lid on the market.
The most active wheat contract on the Chicago Board of Trade Wv1 was up 0.5% at $5.71-3/4 a bushel by 1227 GMT while CBOT soybeans Sv1 rose 0.2% to $9.99-1/4 a bushel and corn Cv1 ticked up 0.2% to $4.17-1/4 a bushel.
Financial markets are awaiting the result of Tuesday's U.S. presidential election, which looks too close to call after a turbulent campaign pitching ex-President Donald Trump against current Vice President Kamala Harris.
Trump's proposed tariffs are a particular focus for investors and could disrupt agricultural trade, as in his first term in office.
"We can expect lots of volatility through the end of the week as votes are counted and as we approach Thursday's Fed decision and Friday's WASDE report," Peak Trading Research said.
In two other major fixtures for markets, the U.S. Federal Reserve will announce its latest interest rate decision at the end of a policy meeting on Thursday. That is followed by the U.S. Department of Agriculture's monthly World Agricultural Supply and Demand Estimates (WASDE) on Friday.
Traders are waiting to see how the USDA factors in the recent wave of export demand into its projections for U.S. corn and soybean supply.
Exporters struck deals to sell 150,000 metric tons of U.S. corn to Mexico, 120,000 metric tons of U.S. corn to unknown buyers and 132,000 metric tons of U.S. soybeans to unknown buyers, the USDA said on Monday via its daily reporting system.
In a separate report on Monday, the USDA said 41% of the recently seeded U.S. wheat crop was in good-to-excellent condition as of Sunday, an improvement from the previous week but still the second-lowest score on record.
Wheat traders were also assessing results from an import tender held by Egypt on Monday, in which state grains buyer GASC bought 290,000 tons of wheat.
Russian wheat was overlooked, with an export price floor appearing to make the origin less competitive, as GASC booked supplies from elsewhere in the Black Sea region.
Prices at 1227 GMT | |||
Last | Change | Pct Move | |
CBOT wheat Wv1 | 571.75 | 3.00 | 0.53 |
CBOT corn Cv1 | 417.25 | 0.75 | 0.18 |
CBOT soy Sv1 | 999.25 | 2.00 | 0.20 |
Paris wheat BL2Z4 | 214.00 | 0.25 | 0.12 |
Paris maize EMAc1 | 195.00 | 0.00 | 0.00 |
Paris rapeseed COMc1 | 510.50 | -5.50 | -1.07 |
WTI crude oil CLc1 | 71.84 | 0.37 | 0.52 |
Euro/dlr EUR= | 1.09 | 0.00 | 0.17 |
Most active contracts - Wheat, corn and soy US cents/bushel, Paris futures in euros per metric ton | |||
Reporting by Gus Trompiz in Paris and Peter Hobson in Canberra
Editing by Sumana Nandy, Rashmi Aich and David Goodman
Berita Terkini
Penafian: Entiti XM Group menyediakan perkhidmatan pelaksanaan sahaja dan akses ke Kemudahan Dagangan Atas Talian, yang membolehkan sesorang melihat dan/atau menggunakan kandungan yang ada di dalam atau melalui laman web, tidak bertujuan untuk mengubah atau memperluas, juga tidak mengubah atau mengembangkannya. Akses dan penggunaan tersebut tertakluk kepada: (i) Terma dan Syarat; (ii) Amaran Risiko; dan Penafian Penuh. Oleh itu, kandungan sedemikian disediakan tidak lebih dari sekadar maklumat umum. Terutamanya, perlu diketahui bahawa kandungan Kemudahan Dagangan Atas Talian bukan permintaan, atau tawaran untuk melakukan transaksi dalam pasaran kewangan. Berdagang dalam mana-mana pasaran kewangan melibatkan tahap risiko yang besar terhadap modal anda.
Semua bahan yang diterbitkan di Kemudahan Dagangan Atas Talian kami bertujuan hanya untuk tujuan pendidikan/maklumat dan tidak mengandungi – dan tidak boleh dianggap mengandungi nasihat kewangan, cukai pelaburan atau dagangan dan cadangan, atau rekod harga dagangan kami, atau tawaran, atau permintaan untuk suatu transaksi dalam sebarang instrumen kewangan atau promosi kewangan yang tidak diminta kepada anda.
Sebarang kandungan pihak ketiga serta kandungan yang disediakan oleh XM, seperti pendapat, berita, penyelidikan, analisis, harga, maklumat lain atau pautan ke laman web pihak ketiga yang terdapat dalam laman web ini disediakan berdasarkan "seadanya" sebagai ulasan pasaran umum dan bukanlah nasihat pelaburan. Sesuai dengan apa-apa kandungan yang ditafsir sebagai penyelidikan pelaburan, anda mestilah ambil perhatian dan menerima bahawa kandungan tersebut tidak bertujuan dan tidak sediakan berdasarkan keperluan undang-undang yang direka untuk mempromosikan penyelidikan pelaburan bebas dan oleh itu, ia dianggap sebagai komunikasi pemasaran di bawah peraturan dan undang-undang yang berkaitan. SIla pastikan bahawa anda telah membaca dan memahami Notifikasi mengenai Penyelidikan Pelaburan Bukan Bebas dan Amaran Risiko mengenai maklumat di atas yang boleh diakses di sini.
