Last Updated : July 23, 2011 10:47
CBOT Updates: Corn gains on falling output
CHICAGO (Commodity Online): US Corn futures close higher on renewed concerns about heat reducing output. Hot weather is expected to return to the Midwest by midweek after a heat wave stressed the crop this week.
A cool-down early next week won't bring much relief, predicts Jim Gerlach of A/C Trading. "The overall temperature pattern over the next two weeks is hotter than normal," he says.
Farmers need favorable conditions to grow a big crop to replenish low inventories. CBOT December Corn climbs 12 1/2c to $6.85 1/2 a bushel.
Courtesy: CME Group
MCX SILVER MINI 999 31 August 2012
contract was trading at
Rs 57069 , up Rs. 339 . What's your view on it?
