Corn Futures Fall Again On Weak Export Figures
By The Associated Press
Corn futures are ending lower as investors continue to worry about weakness in U.S. exports of the grain.
Corn for March delivery lost 7.25 cents to settle at $7.30 a bushel Monday. Wheat also fell. The March contract closed down 12.25 cents at $8.4875 a bushel.
Jack Scoville of Price Futures Group wrote in a note to clients that corn fell following a "very disappointing" report on export sales."News that Brazil sold corn to Taiwan and that Ukraine is ready to sell corn to China highlighted once again that demand for corn or other feed grains is getting taken care of at somewhat cheaper prices than what can be done here in the U.S.," Scoville wrote. In other commodities trading, oil prices closed lower and metals futures rose.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV