World Economy

Grain Futures Ease

Grain Futures EaseGrain Futures Ease

Broader markets started on a positive note, helped by Friday’s late revival by shares on Wall Street, which saw the S&P 500 close 1.3% higher at 1,886.8 points. Tokyo shares ended Monday 4.0% higher, with smaller gains recorded in the likes of Hong Kong and Seoul, reported. Among soft commodities, New York cotton for December eased 0.2% to 62.85 cents a pound. China’s cotton imports fell 39%, year on year, last month to 122,900 tons. Still, a drop in imports has been expected, after a change in China’s subsidy regime aimed at reversing a huge rise in inventories.