GRAINS-Corn hits close to 3-week low on fund promoting, easing provide issues


Source: fxnews24.co.uk fxnews24.co.uk

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Crude Oil Costs Take a look at 3-Week Lows as US-China Commerce Deal Looms B y Naveen Thukral SINGAPORE, Might 17 (Reuters) – Chicago corn futures slid for a fourth straight session on Monday, with the market dropping to its lowest in almost three weeks on lengthy liquidation and easing issues over provides. Wheat fell greater than 1%, whereas soybeans additionally misplaced floor. “The agriculture market bought a bit forward of itself,” stated Phin Ziebell, agribusiness economist at Nationwide Australia Financial institution. “We’re seeing liquidation of lengthy positions which was triggered by U.S. forecast of upper than anticipated provides. However...