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Corn Gains, Profiting from Soybean Woes

April 5, 2016 at 22:37 by Vladimir Vyun

Futures for soybeans fell today, extending its earlier decline. Weather in the farming regions of the United States was wet and cool, unfavorable to the crops. Yet in a surprising twist, this was negative to prices, spurring talks that US Adult Bounce House farmers will increase acreage to mitigate the impact of adverse conditions on yield. May contract for soybean fell 0.96% to $9.0475 per bushel as of 22:27 GMT on CBoT.

The soybean woes turned out to be beneficial Obstacle Course Bounce House to corn. Specialists say that if US farmers indeed increase the planting are for soybean, it would reduce acreage that could be used for corn planting. As a result, prices for corn gained. May futures for the grain rose 0.63% to $3.5675 per bushel today.

If you have any questions and comments on the commodities today, use the form below to reply.

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