Soybean closes higher on US export data
Soybean prices rose on Monday, despite the US dollar's rise against most of its peers, as the agricultural commodity drew support from upbeat US export data.
The US Department of Agriculture revealed in its weekly report that the US sold 135,000 tonnes of soybean to the Philippines for the marketing year of 2020/21.
The USDA also stated that private US exporters sold 120,700 tonnes of soy to other parties in the marketing season that started on September 1.
The dollar index rose against a basket of currencies by 0.3% to 93.02 points as of 22:18 GMT, after hitting a high of 93.1 and a low of 92.7.
Soybean November futures rose 0.3% to $10.87 per bushel, after hitting a day high of $10.89 and a low of $10.78.
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British pound falls, but remains above $1.30
The British pound fell against the US dollar on Monday, weighed down by concerns about the coronavirus crisis and Brexit uncertainty.
British Prime Minister Boris Johnson warned that if no agreement is reached, the UK would have to accept a no-deal Brexit scenario.
This came as coronavirus spreads rapidly at record rates in the UK and several European countries, which forced multiple countries to reinstate partial lockdown measures.
The coronavirus continues to cast a shadow over many European countries, including France, Italy, and the UK, after the US reported a record jump in coronavirus cases by more than 80,000 cases in a single day.
GBP/USD fell 0.2% to 1.3022 as of 21:18 GMT, the pair hit an intraday high of 1.3074 and a low of 1.2993.
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US stocks deepen losses, Dow Jones drops 650 points
The major US stock indices closed lower on Monday, extending losses amid growing concerns about the coronavirus crisis in the US and European countries.
This came after the US reported a record jump in coronavirus cases by more than 80,000 cases in a single day.
While no agreement has been reached between the US congressional leaders and the White House on the second Covid-19 aid package, amid expectations a deal won't be passed by Congress before the presidential election.
To the oil market, WTI crude November futures at Nymex fell 3.2% or $1.29, and closed at $38.56 a barrel, after hitting a high of $39.7 and a low of $38.2.
Brent December futures fell 3.1% or $1.31, to $40.46 a barrel, with a high of $41.6 and a low of $40.2.
As for stocks, Dow Jones fell 2.3% or 650 points, and closed at 27,685, after it hit a day high of 28,185 and a low of 27,370.
Nasdaq fell 1.6% or 189 points to 11,359 points, with a high of 11,545 and a low of 11,221.
S&P 500 fell 1.8% or 64 points to 3,401, with a high of 3,441 and a low of 3,364.
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Silver closes 1% lower as dollar strengthens
Silver prices fell on Monday, as the US dollar rose against its peers due to strong safe-haven demand for the greenback.
The US reported a record jump in coronavirus cases by more than 80,000 cases in a single day.
No agreement has been reached between the US congressional leaders and the White House on the second Covid-19 aid package, amid expectations a deal won't be passed before the presidential elections.
The dollar index rose against a basket of currencies by 0.3% to 93.02 points as of 20:56 GMT, after hitting a high of 93.1 and a low of 92.7.
Silver December futures fell 1% or 25 cents, and closed at $24.42 an ounce, with today's high at $24.765 and the low at $24.145.
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