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Corn falls as dollar rises amid uncertainty about coronavirus crisis

Economies.com
2020-11-02 23:00PM UTC

Corn prices fell on Monday at the Chicago Mercantile Exchange, weighed down by the US dollar rose against most major counterparts amid uncertainty about the coronavirus crisis.

 

Markets are anticipating the weekly USDA report on the condition and quality of crops, harvest season, and exports.

 

The dollar index rose against a basket of currencies by 0.1% to 94.1 points as of 22:46 GMT, after it hit a high of 94.2 and a low of 93.8.

 

The US presidential election will start on Tuesday between President Donald Trump and the Democratic Party candidate and former Vice President Joe Biden.

 

Corn December futures fell 0.5% and closed at $3.97 a bushel, after hitting a day high of $3.97, and a low of $3.93.

US stocks close higher as presidential election looms

Economies.com
2020-11-02 23:09PM UTC

US stock indices rose on Monday, lifted by the energy and tech gains, as focus turned to the US presidential election.

 

The US presidential election will start on Tuesday between President Donald Trump and the Democratic Party candidate and former Vice President Joe Biden.

 

Analysts expect Trump's victory may be positive for US stocks, as his Democratic rival, Biden, intends to increase corporate taxes if he wins.

 

The ISM manufacturing PMI rose to the highest level since September 2018 at 59.3 points in vs. 55.4 points in September, and beat forecasts of 55.6.

 

To the oil market, WTI crude December futures rose 1.9% or $1.02, to close at $36.81 a barrel, after hitting a high of $36.8 and a low of $33.6.

 

Brent December futures rose 2.7% or $1.03 to close at 38.97 a barrel, after hitting a high of $38.9 and a low of $35.7.

 

As for stocks, Dow Jones rose 1.6% or 423 points to 26,925, after it hit a day high 27,043 and a low 26,691.

 

Nasdaq rose 0.4% or 46 points to 10,957, with a high 11,071 and a low 10,830.

 

S&P 500 rose 1.2% or 40 points to 3,310, after hitting a high of 3,330 and a low of 3,279.

Yen tilts lower after the release of upbeat data

Economies.com
2020-11-02 21:43PM UTC

The Japanese yen fell against the US dollar on Monday, despite positive data in Japan, amid focus on the US presidential election.

 

Earlier Japanese data showed the manufacturing PMI rose to 48.7 points in October from 47.7 in September, beating estimates of 48.

 

The US presidential election will start on Tuesday between President Donald Trump and the Democratic Party candidate and former Vice President Joe Biden.

 

Fears remain over the current second wave of the coronavirus and economic shutdowns that follow, especially after several European countries were forced to re-impose lockdown restrictions again.

 

As of 22:31 GMT, USD/JPY rose 0.1% to 104.7, with a high of 104.9 and a low of 104.5. 

Silver closes higher above $24/oz

Economies.com
2020-11-02 22:03PM UTC

Silver prices rose on Monday, the first session of November, while the US dollar edged up against most of its peers.

 

The US presidential election will start on Tuesday between President Donald Trump and the Democratic Party candidate and former Vice President Joe Biden.

 

While uncertainty persisted over the fate of this election, amid mixed opinion poll results.

 

The dollar index rose against a basket of currencies by 0.1% to 94.1 points as of 21:48 GMT, after it hit a high of 94.2 and a low of 93.8.

 

Silver December rose 1.6%, or 39 cents, and closed at $24.033 an ounce, with today's high at $24.250 and the low at $23.460.

Frequently asked questions

What is the price of Corn today?

The price of Corn is $437.00 (2025-07-04 03:35AM UTC)