Food Industry
Industry: Email Alert RSS FeedCorn Watch: CBOT Corn Called Mixed.
Resource News International, October, 2004
Winnipeg, MB, Oct 26, 2004 (Resource News International via COMTEX)
Corn futures at the Chicago Board of Trade (CBOT) are seen starting Tuesday's session mixed. For the second consecutive session in a row, prices are expected to begin trading mixed due to a lack of market-moving news. Some light support was expected to come from follow-through interest after Monday's lower close and fresh export business. However, the specter of a record U.S. corn crop continues to overshadow the market.
The CBOT December corn future finished Monday's trading session up 3 1/2 cents at U.S.$2.05 1/4. Short covering helped the December contract finish out the day near the session high. Corn was also supported by bullish USDA weekly corn export inspections data.
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