Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 20, 2013 17:22:28

Spring sowing corn in the U.S. is gathering delay

ColosseumAt level five-week highs strengthened during the stock market yesterday, the Chicago Board of Trade within the group CME price most active futures contract on corn. The reason is to stop the preparatory work prior to planting corn in the U.S., due to freezing or rainy weather. Work was stopped or never started in the major production areas of corn and soy, and in the states of Iowa, Illinois and Nevraská. Forecast further snowfall expected in the northern states of the United States and Wisconsin and Minnesota. Corn futures to the May delivery date strengthened during yesterday's session at the exchange CBOT 1.2% to the closing price of 728.50 cents per bushel.

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