Corn recovers from 1-week low, but harvest progress weighs



CANBERRA, Sept 22 (Reuters) - Chicago corn futures edged higher on Wednesday, though gains were capped amid signs of ample global supply as U.S. farmers race to finish harvesting their crops.

FUNDAMENTALS

* The most active corn futures on the Chicago Board Of Trade Cv1 were up 0.2% at $5.18 a bushel, as of 0155 GMT, having closed 0.9% lower in the previous session when prices hit a one-week low of $5.12-3/4 a bushel.

* The most active soybean futures Sv1 were flat at $12.73-1/2 a bushel, having firmed 0.9% on Tuesday.

* The most active wheat futures Wv1 were up 0.4% at $6.93-1/4 a bushel, having closed 1.5% weaker in the previous session.

* The U.S. Department of Agriculture (USDA) said after Monday's market close that the U.S. corn harvest was 10% complete, ahead of the five-year average of 9% for this time of the year.

* The USDA rated 59% of the U.S. corn crop in good-to-excellent condition, up 1 percentage point from the previous week, while also raising its soybean good-to-excellent score by 1 point to 58%. Analysts on average had expected no change to either ratings.

* USDA data on Monday showed corn export inspections were down 48% from the same week a year ago, while soybean inspections were down 80%.

MARKET NEWS

* The dollar held below a near one-month high on Wednesday as investors focused on two key risks - a default by Chinese property developer Evergrande and the expected pace of U.S. monetary policy tightening.

* Oil prices rose modestly in a see-saw session on Tuesday, as concerns about the global consumption outlook counter-balanced the struggle by big OPEC producers to pump enough supply to meet growing demand.

* Asian stock markets made a cautious start on Wednesday and the dollar held firm amid lingering nerves about the fallout from a looming failure at developer China Evergrande and anticipation the Federal Reserve may move a step closer to tapering.


Reporting by Colin Packham; Editing by Sherry Jacob-Phillips

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。

所有缐上交易平台所發佈的資料,僅適用於教育/資訊類用途,不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議,或是交易價格紀錄,或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。

本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。

風險提示: 您的資金存在風險。杠杆商品可能不適合所有客戶。 請詳細閱讀我們的風險聲明