Us spot corn and soybean prices up
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Last Update: 2001-08-14
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Source: Internet
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Author: User
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Introduction: corn and soybeans dominated the US spot grain market last week, with prices rising 5% - 6% Although the pressure of harvest has pushed down the price of Winter Wheat by 1%, it has increased by 1% - 3% "As the hot weather and the USDA's crop report soybean production reduction forecast push forward the futures price, and make farmers optimistic about the future trend, traders do more," said one midwestern grain trader "Farmers stop selling grain, waiting for the market to go higher, which increases the basis of spot and futures, and makes futures get stronger support."
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