Roundup: Weekly CBOT agricultural futures rally strongly


By Xu Jing
  • World
  • Sunday, 25 Oct 2020

CHICAGO, Oct. 24 (Xinhua) -- CBOT agricultural futures rallied strongly in the past week as U.S. dollar index declined in the runup to the Nov. 3 U.S. presidential election, Chicago-based research company AgResource noted.

U.S. trade representative announced that China has booked 71 percent of its agricultural purchase obligation for 2020 with the total likely to near 30 billion dollars before yearend. China's purchase of U.S. soybeans accounts for at least 31 million metric tons of U.S. export demand.

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