Corn futures are enjoying a slight rebound today after falling by almost 5 percent in Tuesday trading.
On the Chicago Board of Trade, prices for December delivery rose by 4.75 cents to $4.88 a bushel.
Most industry watchers agree that until a decision one way or the other is made concerning a government bailout, things will remain in flux concerning most commodities. There will be another vote today to attempt to pass a bill.
Yesterday corn futures fell to $4.88 a bushel, the first time it dropped below the $5 mark since January. The almost 5 percent drop was the largest in 12 years.
Corn inventories as of September 1 has risen by 25 percent over a year ago according to the U.S. Department of Agriculture. Corn inventories stand at 1.62 billion bushels.
How the Price of Gold Looks in 2018
6 years ago
No comments:
Post a Comment