Wheat and corn prices fall on world market

Wheat and corn prices fall on world market
# 06 August 2013 09:48 (UTC +04:00)

Baku. Agshin Rafiqoglu - APA-Economics. Corn extended a decline to a 34-month low as cool weather and moist soil increase yield prospects in the U.S., the world’s biggest grower and exporter. Wheat dropped to the lowest since June 2012, and soybeans fell. Corn futures for December delivery fell 0.7 percent to settle at $4.605 a bushel at 1:15 p.m. on the Chicago Board of Trade, after touching $4.56, the lowest for a most-active contract since Oct. 4, 2010.

Wheat futures for September delivery declined 2.3 percent to $6.4525 a bushel on the CBOT. The price earlier touched $6.415, the lowest since June 18, 2012, on speculation that livestock producers will switch back to corn in animal rations as the price spread between the grains widens.

1 2 3 4 5 İDMAN XƏBƏR

Agrarian Industry

#
#

THE OPERATION IS BEING PERFORMED