Colosseum a.s. (Colosseum a.s.)
Commodities  |  July 06, 2012 10:39:28

Corn on the new highs

ColosseumPrice of corn during Thursday trading on the Chicago Board of Trade climbed up over the past nine months, due to droughts in growing areas of the United States. At the beginning of July, drought plagued 53 percent of the U.S. Midwest and adverse weather conditions in areas of Idaho by the Ohio should continue in the coming days. As of 1 July were growing conditions for maize worst since 1988. Most actively traded contract of December corn strengthened by 5 per cent yesterday to close at 708.5 cents per bushel. During the trading session, the price got up to 713 cents, up from 15 September. Since the end of May, when the drought began, the price has shot up by 28 percent. and # 160;

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