Egypt after a government report showed the second day of term on Tuesday, rising more than three days, the conditions U.S. corn crop in the United States increased by adding to concerns about supply shortages, compounded last week .
Chicago Mercantile Exchange, corn for December delivery rose 1.83% term, per bushel USD6.5988 traded am European.
As before, USD6.6162 bushel in trade, 12.2%, the highest price since Sept. 22 rose to.
Markets Closed on Monday after the Department of Agriculture U. S. said in a statement posted on a product a week, about 15% of the U.S. corn crop by 26% in the same week, compared to last year, September 25 was harvested.
The report showed that about 52% of U.S. corn in the same week last year compared to 66%, "excellent" status last week, the "good" is classified as.
Produced by about 20% 21% recorded the previous week to develop a “very bad” condition "bad" happened. However, only 13% of corn in the same week last year, "very bad" and "bad" is classified.
15% "bad" situation "very bad" while in Iowa, the U.S. government as the main maize crop, the product of 12% "excellent" rating.
The USDA reported that corn exports of controlled U.S. ports have shown more support after the Egyptian-term price less than the demand last week, a week ago to nearly 10 million bushels, up to 34 , 3 million bushels.
America and exporter of cereal producer and largest in the country corn.
Corn prices per bushel in the previous session USD6.2975 fell to a low of 11 weeks after the purchase is also supported in some mild bargain
Due to the recent weakness in prices of Wall Street investment bank Morgan Stanley, saying on Monday reiterated his optimism on corn have "a very simple macro attached to a significant change in risk aversion."
November delivery rose 0.98% to trade soybeans USD12.7200 elsewhere in the Chicago Board of Trade, wheat for December delivery, rose 1.94% to trade at USD6.6075 bushels per bushel.
No comments:
Post a Comment