(Bloomberg) -- Corn and soybeans may rise in Chicago
on speculation production in the U.S., the world's largest
grower and exporter, will fall short of record demand for
livestock feed and crop-based fuels.
Sixteen of 25 traders, farm advisers and merchants surveyed
on May 18 said to buy both commodities. Corn futures for July
delivery rose 0.5 percent last week to $3.7125 a bushel on the
Chicago Board of Trade, the third gain in four weeks. Soybeans
for July delivery rose 4 percent to $7.925 a bushel, the biggest
weekly gain in three months.
Read more at Bloomberg Commodities News
on speculation production in the U.S., the world's largest
grower and exporter, will fall short of record demand for
livestock feed and crop-based fuels.
Sixteen of 25 traders, farm advisers and merchants surveyed
on May 18 said to buy both commodities. Corn futures for July
delivery rose 0.5 percent last week to $3.7125 a bushel on the
Chicago Board of Trade, the third gain in four weeks. Soybeans
for July delivery rose 4 percent to $7.925 a bushel, the biggest
weekly gain in three months.
Read more at Bloomberg Commodities News
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