[Agricultural period data] CBOT grain futures prices fell

  • Dec, 26th 2018

On December 19, the CBOT March corn futures contract (ZCH9) fell 4 cents to 381.5 cents per bushel. The March wheat futures contract (ZWH9) fell 10 cents to 522.75 cents a bushel. Analysts of international derivatives think tanks believe that the price of corn has fallen sharply due to the drag of soybeans and the outlook for demand. However, the market still has expectations for China to purchase US corn, which supports the price of the market to a certain extent. The support below is 380 cents per bushel. The strategy is trading within the range of 380-388 cents/bushel; due to the decline of neighboring corn and the unsatisfactory export data, the wheat futures price is lower, falling below the uptrend channel, the trend is undermined, and the short-term export demand is uncertain, the futures price The shocks are repeated and the strategy is more cautiously held, with a stop loss of 520 cents per bushel.

Institutional Source: International Derivatives Think Tank