May 16 (Reuters) - U.S. corn futures surged more than 2 percent in early Asian trading on Monday after talk of renewed buying of U.S. corn by China and expectations that a U.S. government report will show the pace of planting of the U.S. crop remains behind schedule.
Chicago Board of Trade corn for July delivery Cc1 climbed 2.42 percent to $6.98-1/2 per bushel as buyers took advantage of last week's 0.5 percent dip, the second straight week of falls.
(Source: http://www.reuters.com/article/2011/05/15/idUSS9E7G303X20110515)
Posts
0 comments