Commodity Blog

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Week Starts Positive for Crops

April 28, 2014 at 12:54 by Vladimir Vyun

Corn and soybeans advanced today amid speculations that weather in the United States will slow planting. Forecasters predict rains in the first half of this week and cold temperatures in the second. This is not ideal conditions to plant crops. July futures for corn climbed $0.0375 (0.73 percent) to $5.1650 per bushel as of 12:50 GMT on CBoT. Soybeans rallied as much as $0.1575 (1.05 percent) to $15.1000 per bushel.

Wheat joined the rally on the conflict between Russia and Ukraine. The countries combined make up 17 percent of world wheat exports. Contract for wheat added $0.0350 (0.49 percent) to $7.1175 per bushel.

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

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