Tuesday, February 8, 2011

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US Corn Gains On Weak Dollar Index

  • Tuesday, February 8, 2011
  • Thùy Miên
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  • Corn futures were mixed on Tuesday. March futures were 1 cent lower at $6.73 3/4. The May contract also closed 1 cent lower at $6.84 3/4. December 2011 was 1 3/4 cents higher at $6.03 3/4.

    Soybeans rebounded from early losses and wheat was solidly higher which helped underpin the corn market. Corn futures were also supported by weakness in the dollar index and steady to higher crude oil.

    (Source: http://www.indiainfoline.com/Markets/News/US-Corn-Gains-On-Weak-Dollar-Index/3540619236)

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