Colosseum a.s. (Colosseum a.s.)
Commodities  |  January 09, 2013 16:20:28

The price of corn continues to rise on the third day

ColosseumThe second day continued growth in yesterday's trading session on the Stock Exchange Chicago Board of Trade CME Group within the most active futures contract on corn. It was a response to the speculation, by which the U.S. Department of Agriculture is reduced in its new estimate, which will be published on January 11th, estimate maize production in the U.S. in 2012 in connection with the worst drought in the Midwest since 1930. According to the expectations of analysts polled by Bloomberg, USDA reduced corn production estimate for the December compared to expectations of 0.7% to 10.65 billion bushels. Corn futures with delivery date in March has strengthened over the previous day on the stock exchange CBOT by 0.5% to the closing price of 688.75 cents per bushel. The growth continues futures contract also mentioned in the present day, yet by 3 cents to 691.75 cents per bushel.

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