Food Industry
Industry: Email Alert RSS FeedCorn Watch: CBOT Corn Called 1/2 to 1 U.S. Cent Lower.
Resource News International, November, 2004
Winnipeg, MB, Nov 19, 2004 (Resource News International via COMTEX)
Corn futures at the Chicago Board of Trade (CBOT) are seen starting Friday's session 1/2 to 1 U.S. cent lower. Profit-taking is expected to pressure corn at the open Friday. Concerns that a second cow has been found in the U.S. with BSE was also expected to weigh on prices. A lack of fresh news was expected to keep prices in a fairly narrow range.
The CBOT March corn future finished Thursday's trading session down 2 1/2 U.S. cents at U.S.$2.15. A technical pullback following several days of gains sent prices lower. In addition, a weaker-than- expected weekly export sales report weighed on the market. Prices continue to trade sideways. The market needs a decisive close above U.S.$2.20...
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