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Chicago: Wheat, Corn and Soybeans Stagnate on the Market Without a Compass



corn and wheat prices rose slightly, and soybeans fell moderately in a quiet session in which investors were deprived of data due to the partial closure of the US federal government. Since the celebration of Christmas and on the eve of the New Year, "the volumes are very small" on the agricultural market, said Steve George, a brokerage firm Allendale.

In this context quotes have changed very little during the session on ThursdayAdd to this the influence of the sixth day of partial paralysis of the federal administrations in the United States, as a result of which hundreds of thousands of civil servants went on leave without pay, known as "closure." negotiations between Democrats and Republicans resumed on Thursdaywithout any signs of progress.

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At the heart of the blockade: the wall conceived Donald Trump on the border with Mexico is fighting illegal immigration. This closure affects prices because it does not allow the USDA to publish its traditional sales reports from this country abroad.

A bushel of fuel oil (about 25 kg) for delivery in March, the most negotiated contract, ended on Thursday at 3.7450 dollars against 3.7325 dollars on Wednesday (+ 0.33%). Wheat for March, which is also the best-selling one, finished trading at $ 5.1050 against 5.1 thousand dollars a day earlier (+ 0.10%). Soybean for March, the most talked about contract at the moment, ended at $ 8.8250 against $ 8.8300 at the previous close (-0.06%).

As of midnight on Saturday, December 22, the United States federal government was partially closed. A few days before that, President Donald Trump signaled a resolution approved by the Senate and the House of Representatives to finance the government for at least another three months until a final agreement was reached.

But two days later, the president said that either they include the first delivery of funds for the construction of a wall on the border with Mexico, or he did not sign anything. So the government is already going to be closed for a week. What does the closure of the government mean? A test to explain this, you must first say that it is not. The closure of the federal government does not mean that the entire government of the United States ceases to function.


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