CHICAGO, Sept. 26 (Xinhua) -- Chicago Board of Trade (CBOT) agricultural futures dropped in the past week on a rising U.S. dollar, as investors flighted back to safety ahead of the U.S. election and a second wave of COVID-19 infections across parts of Europe.
Corn futures ended weaker as Chinese buying has slowed while the interior Midwest cash market is reflecting a sizable jump in new crop cash supplies. With U.S. domestic demand growth struggling on weak energy prices, there will be no shortage of U.S. cash corn without adverse weather in South America in 2020-2021. Chicago-based research company AgResource predicts negative seasonal trends until the U.S. harvest surpasses 60-70 percent.
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