Corn closes lower, pulls back from 14-month peak
Corn prices fell on Wednesday, on profit-taking from the 14-month high of $4.22/bushel that was reached on Tuesday.
Corn and soybean futures yesterday were lifted by strong Chinese demand for US farm goods.
Investors are anticipating further Chinese data to determine the amount of Beijing's purchases of US soybean and corn.
The dollar index rose against a basket of currencies by 0.5% to 93.4 points as of 21:32 GMT, after it hit a high of 93.6 and a low of 93.05.
Corn December futures fell 3.4% to $4.01 per bushel, after hitting a high of $4.15 and a low of $4.
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Silver ends nearly 5% lower, hits lowest level since September
Silver prices fell on Wednesday, and hit the lowest level since late September, as the US dollar rose against most of its major counterparts.
The coronavirus crisis continues to cast a shadow over several countries around the world, which foreshadows more damage to the global economy.
Coronavirus infections jumped to more than 44 million cases globally, and the number of cases rose to more than 9 million in the US alone, with more than 232,000 victims.
The dollar index rose against a basket of currencies by 0.5% to 93.4 points as of 21:19 GMT, after it hit a high of 93.6 and a low of 93.05.
Silver December futures fell 4.9% or $1.21, and closed at $23.359 an ounce, with today's high at $24.675 and the low at $23.060.
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Gold closes at lowest level since late September
Gold prices fell on Wednesday, as the US dollar rose against most of its major counterparts, while the yellow metal didn't benefit from the mounting concerns over the coronavirus crisis.
Coronavirus infections jumped to more than 44 million cases globally, with the death toll near 1,072,000 victims, and the number of cases rose to more than 9 million in the US alone, with more than 232,000 victims.
The dollar index rose against a basket of currencies by 0.5% to 93.4 points as of 20:07 GMT, after it hit a high of 93.6 and a low of 93.05.
Gold December futures fell 1.7% or $32.7, and closed at the lowest level since September 28 of $1879.2 an ounce, with today's high at $1912.6 and the low at $1,869.1.
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Canadian dollar falls after BoC rate decision
The Canadian dollar fell against most of its major counterparts on Wednesday, after the Bank of Canada’s interest rate decision.
Bank of Canada announced today holding the interest rate unchanged at the lowest level ever of 0.25%.
This came within the bank's efforts to ease the coronavirus economic impact that has slowed the recovery of the Canadian economy and pushed most global economies into recession, as the Canadian central bank adopted a policy of cheap lending, and stated that the interest rate will be held at least for 2 years.
Coronavirus infections jumped to more than 44 million cases globally, with the death toll near 1,072,000 victims.
As of 17:58 GMT, CAD/USD fell 0.9% to 0.7513, after the pair hit a high of 0.7605 and a low of 0.7499.
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