- Advertisement -
SINGAPORE- Chicago corn futures gained more ground on Thursday to trade near the previous session’s eight-year top, as concerns over cold weather damage to the crop across the US grain belt underpinned prices.
Wheat edged lower after Wednesday’s rally which lifted the market to its highest in more than a month, while soybeans extended gains.
“There are expectations of lower corn and soybean planting in the US and now the early growing weather is not perfect,” said PranavBajoria, a director at Singapore-based brokerage Comglobal. “At the same time demand looks pretty strong, with more use of agricultural products for biofuels.” – Reuters
- Advertisement -
Author
- Advertisement -
