Corn Futures Climb To 3-Day High On U.S. Crop Concerns

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.

Gold Futures Rebound From 3-Day Rout on Bargain-Buying

Negotiate the purchase of gold-term defeat in three days to recover

It was also announced strong growth, while silver-term opportunities for investors to buy gold term coined by the largest three-day decline since the 2008 financial crisis, that on Tuesday, recovered quickly.

New York Mercantile Exchange Comex division, October delivery, gold for the duration of their biggest daily gain since March 2009 on the road to a maximum of 3.91%, USD1, 654.95 one troy ounce late Asian trade transactions.

USD1 657.95 an ounce before trading at 4.15% of the daily maximum was increased to.

Some investors sold the precious metal to raise money to cover losses in other markets, gold prices, the last three trading sessions, fell almost 14%.

However, some of the sharp drop in prices in the euro zone and concerns about the global economic outlook and concerns about the debt crisis of the fall would be more reluctant to bet the traders led to the purchase of negotiation.

Monday, senior politicians EUR440 million from the European financial stability, the European Central Bank ECB funds can be used as collateral for the debt, he said.

Greater role in EFSF are, however, the German parliament Thursday approved an important vote.

There is a good result would allow gold traders "are positioned before the vote on EFSF precious metals, on Monday, reported the global financial services company Commerzbank selloff of dollars and risk appetite up ".

Golden wedding and festival season starts in September and October ahead of the consumers buying gold purchases in India, increased physical demand increases, prices supported.

USD3.365 per pound of copper for December delivery increased by 2:51% for trade in other places in the Comex, silver for December delivery, rose% to trade at 6:07 USD31.79 oz.

Silver Morgan Stanley, "a growing concern for industrial use" and the recent decline attributed to "a small piece of high investor base."