Last Updated : January 07, 2012 10:37
CBOT Updates:Corn tumbles on crop concerns
CHICAGO (Commodity Online): US Corn futures close flat to slightly lower under pressure from soybeans and uncertainty about South America's crop prospects.
A wetter forecast for Argentina has put the brakes on a recent rally, but traders are uncertain about how the forecast could shift over the weekend. Crops there badly need soaking rains, analysts say.
Traders also wary of next week's January USDA reports, which have been huge market-movers in recent years. A late swoon in soybeans and pressure from a stronger US dollar also kept a lid on corn, traders say.
CBOT March Corn ends flat at $6.43 1/2 a bushel, down 3c on the week. Other contracts close lower.
Courtesy: CME Group
MCX CARBON CREDITS 14 December 2012
contract was trading at
Rs 562 , down Rs. -53 . What's your view on it?
