Corn ends higher on falling dollar
Corn prices rose on Wednesday, as the US dollar fell against most of its peers, in technical trading despite renewed optimism about the weather in South America.
Brazilian weather agencies forecast that some areas in the country will see heavy rains in the coming period, which supports the quality and quantity of crops.
The US Department of Agriculture reported earlier this week that exports of corn and soybean rose during the past week and thousands of tonnes were shipped to various destinations.
Corn March futures rose 0.6% to $4.23 per bushel, with today's high at $4.24, and the low at $4.14.
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Yen falls despite upbeat economic data
The Japanese yen fell against the US dollar on Wednesday despite positive economic data.
Earlier Japanese data showed the consumer confidence index jumped to 33.7 points last month, beating forecasts of 33 points, after 33.6 points in October, while the monetary base was up 16.5% in November, less than forecasts of 17.2%.
The markets are closely monitoring the latest developments in the coronavirus crisis, after the virus' death toll rose to more than 1.5 million victims worldwide, however, more news about the effective Covid-19 vaccines emerged.
US Treasury Secretary Steven Mnuchin met with House Speaker Nancy Pelosi to talk about restarting negotiations for the second fiscal Covid-19 stimulus package.
As of 21:00 GMT, USD/JPY rose 0.2% to 104.4, after hitting a high of 104.7, and a low of 104.2.
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Silver closes stable after yesterday's strong gains
Silver prices held steadily on Wednesday, as the US dollar fell against most of its peers, amid uncertainty about the new stimulus package in the US.
ADB data showed today that the US private sector added 307K new jobs in November after adding 407K in October, missing forecasts of 433K.
US Treasury Secretary Steven Mnuchin met with House Speaker Nancy Pelosi to talk about restarting negotiations for the second fiscal Covid-19 stimulus package.
The dollar index fell against a basket of major currencies by 0.1% to 91.1 points as of 21:12 GMT, after hitting a high of 91.5 points and a low of 91.1 points.
Silver March futures rose less than 0.1% or 1 cent, and closed at $24.08 an ounce, after gaining 6.6% yesterday, with today's high at $24.455, and the low at $23.680.
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Gold closes higher for second straight session
Gold prices rose on Wednesday, as the US dollar fell against most of its peers after the release of disappointing economic data, amid expectations for a new stimulus package in the US.
US Treasury Secretary Steven Mnuchin met with House Speaker Nancy Pelosi to talk about restarting negotiations for the second fiscal Covid-19 stimulus package.
The World Health Organization stated that it is reviewing Pfizer's request to allow emergency use of its Covid-19 vaccine, after the virus' death toll rose to more than 1.5 million victims worldwide.
The dollar index fell against a basket of major currencies by 0.1% to 91.1 points as of 20:07 GMT, after hitting a high of 91.5 points and a low of 91.1 points.
ADB data showed today that the US private sector added 307K new jobs in November after adding 407K in October, missing forecasts of 433K.
Gold February futures rose 0.6% or $11.30, and closed at $1,830.2 an ounce, after hitting today's high at $1,835, and the low at $1,810.5.
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