10.
08.20
04:59

CBoT corn courses are pulling away from their 5 week lows this morning

After hitting their five-week lows, corn rates on CBoT can catch up again this morning. The reason given is a rising crude oil price. The upside potential, however, will probably only be small, as the corn harvest in the USA will again be record-breaking.
Analysts in Far East Asia reminded this morning that corn demand is slacking. While crude oil prices are rising this morning, they have only made up half of their losses on Friday so far. The price of corn is very closely related to the price of crude oil, as it is used to produce ethanol that is mixed with gasoline.

Source
Hansa Terminhandel GmbH
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