Agricultural markets had a rough week as the market reacted to the volatility in the Chinese economy. China is a major importer on the global market, so any reduction in the Chinese economy raises concern on future demand.
CBOT March 16 futures finished the week slightly lower at 468.4Usc/bu down 0.8 USc/bu for the week.
The Aussie dollar finished the week at the 70c mark. China’ growth prospects appear sluggish and if their economy continues to slow we can expect our A$ to come under pressure too.
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Weekly Report 16_01_18