Corn prices in the international market rose last week
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Last Update: 2001-08-15
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Source: Internet
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Author: User
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Lead: London News: in the week ending August 10, corn prices in the international market rose while wheat prices remained stable, due to slightly better than expected U.S exports On the Chicago Board of trade, the price of wheat per bushel (27.2kg, delivery in September) rose to 271 cents from 269.50 cents in the previous week; the price of corn per bushel (25.4kg, delivery in September) rose to 219.25 cents from 213.25 cents in the previous week But on the London International Financial Futures Exchange (LIFFE), the price of a ton of wheat (delivered in September) fell to 79.55 from 80.25 last week Analysts say the Midwest expects temperatures to drop in the next few days, but after a period of wet weather that has affected corn farming, corn should need sufficient rainfall to expand production.
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