Roundup: Weekly CBOT agricultural futures mostly higher on stimulus package


By Xu Jing
  • World
  • Sunday, 26 Jul 2020

CHICAGO, July 25 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures mostly went up on a new 2-trillion-dollar stimulus package in the European Union, as governments worldwide respond to struggling economy with abundant liquidity.

Chicago-based consulting company AgResource did not see the new government aid as inflationary amid slowing consumer demand tied to job losses and a lack of economic confidence and money velocity. The aid is going to plug funding holes and sustain unemployed workers, the company said.

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