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DTN Closing Grain Comments    10/10 13:47
   Sudden Souring Of US-China Trade Relations Sends Markets Plummeting Into
Weekend

   Row-crop markets fell sharply Friday, led by accelerated selling in the
soybean complex after a series of escalations regarding trade between the U.S.
and China. It began on Thursday with reports that China was planning further
export restrictions on rare-earth minerals which have been a primary point of
contention between the two nations through negotiations this year. It was then
reported early Friday that China would respond to planned U.S. port fees with
fees of their own on U.S. ships beginning Oct. 14. The final straw that broke
the proverbial camel's back on Friday was a social media post from President
Trump expressing frustration with China, but perhaps most concerning to the
market was the comment that the highly anticipated summit between he and
President Xi of China may no longer take place. The development was a bearish
aspect across almost all markets for Friday, with energy and equity markets
falling drastically as well as commodities.

Rhett Montgomery
DTN Lead Analyst

GENERAL COMMENTS:

   December corn closed down 5 1/4 cents and March corn was down 5 cents.
November soybeans closed down 15 1/2 cents and January soybeans were down 15
1/4 cents. December KC wheat closed down 6 3/4 cents, December Chicago wheat
was down 8 cents, December MIAX Minneapolis wheat was down 5 1/4 cents.
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