Food Industry
Industry: Email Alert RSS FeedCorn Watch: CBOT Corn Called Flat to 1/2 U.S. Cent Lower.
Resource News International, November, 2004
Winnipeg, MB, Nov 03, 2004 (Resource News International via COMTEX)
Corn futures at the Chicago Board of Trade (CBOT) are seen starting Wednesday's session flat to 1/2 U.S. cent lower. The December contract is expected to continue to be pressured by the massive U.S. corn harvest, which is nearing completion. News that China has been an aggressive exporter of corn recently was seen as a slightly bearish influence. However, a lack of fresh news was expected to keep prices within corn's current trading ranges.
The CBOT December corn future finished Tuesday's trading session down 1/4 of a U.S. cent at U.S.$1.99 3/4. The December contract finished the day below the psychologically-important U.S.$2.00 per bushel level. Prices continue to tumble as the...
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