Corn jumps 1.5%, soybeans gain as U.S. crop ratings drop
Chicago corn climbed more than 1% on Tuesday and soybeans rose after a weekly report from the U.S. Department of Agriculture (USDA) signalled that the condition of both crops deteriorated. Wheat climbed for a second session in a row, although expectations of higher Ukrainian supplies limited gains. Crop Watch producers in the western U.S. Corn Belt trimmed ratings across the board after a hot and mostly dry week last week, though recent rains have bolstered prospects in the east, Karen Braun, a market analyst for Reuters, wrote in a column. ...
Read More »