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Agricultural News: the futures prices of agricultural products rebounded across the board on the 18th.

Published: 2024-11-06 Author: mysheen
Last Updated: 2024/11/06, Agricultural futures prices rebounded across the board on the 18th in the Chicago agricultural futures market, wheat, corn and soybeans rebounded across the board on the 18th, as the Federal Reserve withdrew the word "patience" in its forward guidance on interest rate hikes, easing market expectations that the Fed would speed up interest rate hikes.

Agricultural futures rebounded across the board on the 18th in the Chicago agricultural futures market, wheat, corn and soybeans rebounded across the board on the 18th, as the Federal Reserve withdrew the word "patience" in its forward guidance on raising interest rates, easing market expectations that the Federal Reserve would speed up interest rates, which was good for Chicago agricultural futures on the same day. The weekly report released by the US Energy Information Administration on the 18th showed that US ethanol stocks decreased compared with the previous week, while the weekly average daily output of ethanol increased, contributing to the rebound in the price of corn, the main raw material of ethanol. In addition, after four consecutive trading days of decline, soybeans fell to the lowest price in nearly five months on the 17th, and there were a large number of bargain-hunting purchases in the market, helping soybean futures rebound wider.

The rapeseed oil trading rate of 47.3% in 2010 was approved by the relevant state departments, and the national temporary storage of imported wheat and rapeseed oil bidding trade fair held on the 18th ended smoothly. The fair plans to sell 20492 tons of 2013 Mei No. 2 soft red winter wheat stored in Fujian, the actual transaction rate is 1815 tons, the transaction rate is 8.86%, and the transaction price is 2460 yuan / ton. the planned sale of rapeseed oil in 2009 is 3082 tons, the actual transaction rate is 541 tons, and the transaction rate is 17.55%. The transaction price is 5800 yuan / ton; in 2010, rapeseed oil 35682 tons, actual transaction 16876 tons, transaction rate 47.3%, transaction price 5961 yuan / ton.

 
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