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.
Read more Business News
- Parents scrambling for daycare BC - 2:16 pm
- Fire destroys houseVernon / N. Okanagan - 3:05 pm
- Negotiation or legislation?Poll - 2:08 pm
- Quad crash hospitalizes oneKelowna - 1:04 pm
|QHR Technologies Inc||1.19||0.00|
|Anavex Life Sciences||0.25||+0.01|
|Copper Mountain Mining||2.93||+0.02|
|Sunrise Resources Ltd||0.025||0.00|
|Mission Ready Services||0.245||-0.005|
Apple has taught many entrepreneurs the importance of design, how to create buzz when introducing new products to the marketplace, how to pioneer new technology and the importance of superior quality....
Move over “big guys” there’s a new brokerage in town featuring local expertise, long standing experience and a fresh boutique approach. Kelowna, August 31 2014 – You may have...
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...