but the increase is limited by improved weather forecasts that support crop growth.
Price of soybean futures on Chicago increased by 0.1% to 8.89-1 / 2 USD / bushel, after falling 0.6% in the previous session to 8.86-3 / 4 USD / bushel, the lowest from September 12, 2019.
Price of corn futures on Chicago floor unchanged at 3.71-1 / 4 USD / bushel, up 0.9% in the previous session.
Price of wheat futures on Chicago floor decreased 0.6% to 4.86-3 / 4 USD / bushel, closing the previous session increased 1.1%.
The weather forecast is called mild throughout the Midwest region of America, reducing the threat of frost to soybean crops.
The dollar rose after the US Federal Reserve cut interest rates by 0.25 percentage points to about 1.75-2%.
Oil prices fell about 2% on Wednesday (September 18, 2019), extending the previous session decline after Saudi Arabia said it would quickly recover output after attacks on crude oil facilities. of the country last weekend and US crude inventories unexpectedly increased.
The S&P 500 ended up rising significantly on Wednesday (September 18, 2019) after US Federal Reserve policy makers cut interest rates by an additional 0.25 percentage points, but issued mixed signals about the move in the near future.
Prices of some items on September 19, 2019:
|
Items |
Unit |
Latest price |
Change |
% change |
|
CBOT wheat |
UScent / bushel |
486.75 |
-2.75 |
-0.56 |
|
Corn CBOT |
UScent / bushel |
371.25 |
|
|
|
CBOT soybean |
UScent / bushel |
889.5 |
0.75 |
+0.08 |
|
CBOT rice |
USD / 100 cwt |
12.3 |
-0.01 |
-0.08 |
|
WTI Crude Oil |
USD / carton |
58.23 |
0.12 |
+0.21 |
Source: VITIC / Reuters
