Colosseum a.s. (Colosseum a.s.)
Commodities  |  August 24, 2012 10:39:39

Correction in the market with corn

ColosseumThe largest drop in the last two months has seen during Thursday's trading on the Chicago Board of Trade corn price. According to participants Pro Farmer Midwest Tour, which aims to map the crops affected by drought, would be slightly larger revenues than forecasted federal Department of Agriculture. The average yield in Illinois, the second largest growing state in the U.S. would reach 121.6 bushels per acre. The Ministry in its report issued WASD 10th August said figure 116 bushels per acre. Most actively traded December corn contract yesterday weakened by 20 cents (2.4%) to close at 814.75 cents per bushel. It was the biggest one-day drop by 21 June. Noteworthy that on the day of publication WASD report, reached a record price of 849 cents per bushel. and # 160;

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