14.
07.15
06:56

Corn: State that U.S. crops is bad

The prices of the CBoT corn contract rise tomorrow already today in the fifth consecutive session to a year-high. The market expected a limited supply due to unwanted rainfall in parts of the U.S. corn belt. Although the forecasters announce better weather, but really wants to believe no one and so increasing the prices on the futures market.
In its weekly update on the State of U.S. crops remains assessing the corn fields to 69% in the category of good to excellent. This is significantly less than the 76% at the same date in the previous year. However, the analysts in the run-up to a reduction by 1% had bet. On the futures market Friday's USDA report acts continue still, who sees a smaller range of corn and soybeans, as analysts had anticipated.

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