Wheat and corn post weekly declines after fund-fuelled rally
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Chicago
US wheat and corn futures fell on Friday last week for a second straight session as traders liquidated long positions ahead of a US holiday weekend, and following a fund-driven rally seen as lacking fundamental drivers, analysts said.
Soyabeans also extended losses from Thursday, pressured by falling vegetable oil prices in Asia and an advancing soyabean harvest in Brazil.
Share with us your feedback on BT's products and services
TRENDING NOW
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Higher costs, lower returns: Why are Singaporeans still betting on real estate?
South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
