Food Industry
Industry: Email Alert RSS FeedCorn Watch: CBOT Corn Called Flat to 1/2 U.S. Cent Higher.
Resource News International, November, 2004
Winnipeg, MB, Nov 10, 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 higher. Activity is expected to be dull as the market continues to consolidate ahead of Friday's November production report from the USDA. A short-covering bounce could provide the corn market with early gains, but sources warned that the massive U.S. corn harvest continues to overshadow the market.
The CBOT December corn future finished Tuesday's trading session unchanged at U.S.$1.98. Consolidation ahead of Friday's USDA production report kept prices within a fairly narrow range on Tuesday.
Analysts are expecting a minor increase in U.S. corn production in Friday's...
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