Chicago corn futures fell 1.5% on Monday as rains eased traders’ worries about limited global distribution and put pressure on prices. Soybeans fell 1%, while strong Chinese demand saw lower losses, while wheat was lower. Tobin Corey, director of the Commonwealth Bank’s agricultural strategy, said: “Weekend rains in arid regions will reduce crop stress for…
Weather Forecasts Weight forecast for Chicago corn futures fell more than 1% on Thursday in some parts of the USA and soybeans fell to a two-month low. Wheat rose for the second session in a row. “Weather forecasters are constantly looking for rain and cold temperatures this weekend, while dry and hot weather prevails in…
Iron ore futures soared as trading resumed on Monday, setting a record amid widespread demand for China and widespread rise in commodity prices as the global economy recovers. The future in Singapore rose more than 10% to a new record of $ 226 a tonne. The raw material for making steel is increasing as there…
