China's purchases of US agricultural goods are causing the CBoT wheat future to rally

The CBoT wheat futures prices reached a three-month high yesterday. This morning, however, some buyers take their profits with them and push the prices a little.
The reason for the high prices is that China is in a real buying frenzy and apparently now wants to fulfill the Phase 1 trade agreement with the USA with power. In it, China had committed to buy $ 80 billion of US agricultural goods over the next two years.
That US wheat is now also being taken off seems to have been the catalyst of yesterday's rally in the wheat future.
To what extent the growing political tensions between the USA and China also play a role is difficult to assess.

Hansa Terminhandel GmbH
Please describe your request so that we can prepare for the callback.
Yes, I have read the Privacy Policy note and I consent that the data provided by me, including the contact data, for the processing of the inquiry and in case of questions are electronically collected and stored. My data will only be used strictly for my request and will not be passed without my consent. This consent can be revoked any time with effect for the future.'
This question is for testing whether or not you are a human visitor and to prevent automated spam submissions.

Register now

Jetzt registrieren und ZMP Live+ 14 Tage kostenlos testen!
  • Dauerhaft kostenfrei
  • Keine Zahlungsinformationen erforderlich