Saturday, July 4th25.5°C
26932
26096

Wet weather and report of planting delays send corn futures higher; Soybeans also rise

Wet weather and planting delays for this year's crop are sending the price of corn higher.

Corn for July delivery rose 8 cents to $5.22 a bushel Tuesday. Corn has been rising steadily since the beginning of the year and is up 24 per cent so far.

Wheat and soybean futures also rose. The July wheat contract rose 8 cents to $7.17 a bushel and soybeans for delivery in the same month rose 17 cents to $15.17 a bushel.

A report released Monday afternoon by the U.S. Department of Agriculture showed that planting for this year's corn crop is going much more slowly than normal, said Brandon Marshall, a commodity analyst with Northstar Commodity in Minneapolis.

Metals prices ended mixed. Energy futures rose slightly.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX14682.39+44.40
S&P CDNX670.58-1.00
DJIA17730.11-27.80
Nasdaq5009.21-3.91
S&P 5002076.78-0.64
CDN Dollar0.7955-0.0018
Gold1167.10+4.10
Oil56.20-1.41
Lumber288.50+0.40
Natural Gas2.77-0.05

 
Okanagan Companies
Pacific Safety0.17+0.00
Knighthawk0.010.00
QHR Technologies Inc1.52-0.03
Cantex0.035-0.015
Anavex Life Sciences0.455+0.004
Metalex Ventures0.075+0.010
Russel Metals22.78-0.09
Copper Mountain Mining1.17+0.03
Colorado Resources0.09+0.03
ReliaBrand Inc0.006+0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.165+0.005
Decisive Dividend Corporation3.00+0.50

 





FEATURED Property
23084012015 Golfview Road
5 bedrooms 3 baths
$599,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_



26370




Member of BC Press Council


26706